In monopoly, the relationship between average revenue and marginal revenue curves is as follows

A)
Average revenue curve lies above the MR-curve
B)
Average revenue curve lies above the MR-curve
C)
AR curve coincides with the MR-curve
D)
Average revenue curve lies above the MR-curve

Correct Answer : Option (D) - Average revenue curve lies above the MR-curve


Published On : May 20, 2021
Category : Business and Economics