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Author Question: In the monopoly, the firm's marginal revenue curve is ________, while in a perfectly competitive ... (Read 38 times)

gonzo233

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on: Jun 29, 2018
In the monopoly, the firm's marginal revenue curve is ________, while in a perfectly competitive market, each firm's marginal revenue curve is ________.
 
  A) downward sloping; horizontal
  B) horizontal; downward sloping
  C) upward sloping; horizontal
  D) downward sloping; upward sloping

Question 2

In the above figure, the line represented by the 4 is the
 
  A) average fixed cost.
  B) marginal revenue.
  C) average total cost.
  D) marginal cost.


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rosiehomeworddo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


gonzo233

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
Excellent

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