wiz-icon
MyQuestionIcon
MyQuestionIcon
4
You visited us 4 times! Enjoying our articles? Unlock Full Access!
Question

The marginal revenue is equal to the price for a monopoly firm. State true or false.


A

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is B

False


The marginal revenue is not equal to the price for a monopoly firm. This is because total revenue is influenced by a change in quantity or a change in price unlike in the case of perfect competition where the price was fixed.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Monopolist's Problem
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon