Multiple choice

Which of the following is not true about monopoly?

  1. AR and MR are downward sloping

  2. AR can't be zero but MR can

  3. MR curve lies below AR line

  4. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All the above statements are correct for monopoly. In perfect competition, AR and MR are same line and horizontal.

Keep practicing — related questions