What is the shape of MR curve in monopoly?
In monopoly, MR curve slopes downward and it lies below the AR curve.
The slope of the MR curve of a monopoly firm is 6. Then the slope of the demand curve is ___
If the MR curve of a monopoly firm is given by the equation MR=20-2q, what is the maximum value of TR? (Prices and revenues are in rupees)
The MR curve of a monopoly firm is given by the equation of MR= 20 -4q. At what level of output is the elasticity of demand equal to 1?