For a monopoly firm, which of the following is equal to market price?

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Solution

The correct option is B
AR

For a monopoly firm,

$T R = P \times Q A R = \frac{T R}{Q} = \frac{P \times Q}{Q} = P$

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For a monopoly firm, which of the following is equal to market price?

The correct option is B AR For a monopoly firm, TR=P×QAR=TRQ=P×QQ=P

The correct option is B
AR

For a monopoly firm,

$T R = P \times Q A R = \frac{T R}{Q} = \frac{P \times Q}{Q} = P$