The marginal revenue curve of a monopolist is
A. downward sloping and below the demand curve.
B. downsloping and identical to the demand curve.
C. horizontal and same as the market demand curve.
D. downsloping and above the demand curve.
Answer: A
Economics
You might also like to view...
How is the GDP deflator is calculated
What will be an ideal response?
Economics
The chain-weighted output index method of measuring real GDP is based on
A) using current prices rather than base year prices. B) averaging the market value of the expenditures over a two year period and then comparing with a base period. C) using the prices of two adjacent years to calculate the growth rate of real GDP. D) averaging the nominal and real measures of GDP to come up with a more accurate figure.
Economics