Q. Average Revenue of a monopolist firm is (Solved)
1. Always more than the Marginal revenue
2. Always less than the Marginal revenue
3. Equal to marginal revenue
4. Any of the above three possible
- a. Always more than the Marginal revenue
1. Always more than the Marginal revenue
2. Always less than the Marginal revenue
3. Equal to marginal revenue
4. Any of the above three possible