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Question

The demand curve of the monopoly firm is also its ____________.

A
average revenue curve
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B
marginal revenue curve
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C
total revenue curve
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D
average cost curve
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Solution

The correct option is A average revenue curve
The Average Revenue shows the revenue the firm receives by selling his goods and also the demand for his good in the market.Since the monopoly firm is the price setter, his price is same as his average revenue.
Thus the demand curve of the monopoly firm is also its Average revenue .

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