wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Why do the marginal revenue and average revenue curves look alike under monopoly and monopolistic competition?

Open in App
Solution

The marginal revenue and average revenue curves look alike under monopoly and monopolistic competition because in both the market situations, more can be sold only by lowering the price of the product.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Marketing Management
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon