Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

The MR curve of a perfectly competitive firm is horizontal. The MR curve of a monopoly firm is:

multiple choice

upward sloping.

downward sloping.

horizontal, too.

it depends.

Sagot :

The MR curve of a monopoly firm is downward sloping.

While a monopolist's marginal revenue curve slopes downward, that of a competitive firm is horizontal and straight. A completely competitive firm has a marginal revenue that is equal to its price. One way to represent this is as a horizontal straight line. Whereas, monopolists, have a marginal revenue curve that slopes downward.

The MR curve of a monopoly is downward-sloping as a monopolist is typically the only seller in the market. As the monopolist increases the quantity of goods sold, the price of the goods must be reduced to find buyers for the additional units. This means that the revenue earned from each additional unit sold is less than the revenue earned from the previous unit, resulting in a downward-sloping MR curve.

Read more about MR curve on:

https://brainly.com/question/14058559

#SPJ4

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.