Ask Question
8 May, 02:35

What is the relationship between a monopolist's demand curve and the market demand curve?

+5
Answers (1)
  1. 8 May, 03:00
    0
    For a monopolist, both marginal revenue and demand are downward-sloping curves. Marginal revenue will always be less than demand for a given quantity. This is because a monopolist's demand curve is the same as its average revenue curve, and for a monopolist, both average and marginal revenue will decrease as quantity increases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the relationship between a monopolist's demand curve and the market demand curve? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers