Why
does the average revenue and marginal revenue curve seperate for a
monopolist.
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Economics
Whydoes the average revenue and marginal revenue curve seperate for amonopolist.
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Monopoly is a market situationwhere there is a single firm selling the commodity and there is noclose substitute of the commodity sold by the monopolist Theabsence of close substitutes of the commodity implies that amonopolist faces an inelastic demand curveSince a monopoly firm is the only seller
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