In the monopoly, the firm's marginal revenue curve is ________, ...

[gonzo233]

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.

[rosiehomeworddo]

Answer to Question 1

A

Answer to Question 2

D

[gonzo233]

Thanks for the timely response, appreciate it

[diana chang]

Excellent