CBSE Class 12-commerce Answered
What is firm’s price line? What is its shape?
Asked by Topperlearning User | 26 Apr, 2016, 07:47: AM
Expert Answer
Firm’s price line is same as the firm’s AR curve. Under monopoly, firm’s price line slopes downward. When AR slopes downward, MR also slopes downward. Therefore MR < AR for a firm under monopoly.
Answered by | 26 Apr, 2016, 09:47: AM
CBSE 12-commerce - Microeconomics
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ANSWERED BY EXPERT
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ANSWERED BY EXPERT
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ANSWERED BY EXPERT
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ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:47: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:47: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:47: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:47: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:47: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:47: AM
ANSWERED BY EXPERT