For a monopoly,
a. average revenue exceeds marginal revenue.
b. average revenue equals marginal revenue.
c. average revenue is less than marginal revenue.
d. price equals marginal revenue.
a
Economics
You might also like to view...
You hear that the price of gasoline will fall 20 cents overnight. This will tend to
A) increase your demand today. B) decrease your demand tomorrow. C) increase your demand tomorrow. D) leave your demand unchanged both today and tomorrow, especially if it is highly elastic to changes in prices.
Economics
If the coupon-rate of a particular bond increases:
a. the supply of the bond increases. b. the price of the bond declines. c. the demand for the bond declines. d. the supply of the bond decreases. e. the demand for the bond increases.
Economics