Author Question: In the monopoly, the firm's marginal revenue curve is ________, while in a perfectly competitive ... (Read 62 times)

gonzo233 · **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.