In case of monopoly

1.	In case of monopoly
Answer» Marginal revenue is always less than average revenue In CASE of monopoly, Marginal revenue is always less than average revenue. A monopolist's marginal revenue is always less than or EQUAL to the price of the GOOD. Marginal revenue is the amount of revenue the firm RECEIVES for each additional unit of output.

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Marginal revenue is always less than average revenue

In CASE of monopoly, Marginal revenue is always less than average revenue. A monopolist's marginal revenue is always less than or EQUAL to the price of the GOOD. Marginal revenue is the amount of revenue the firm RECEIVES for each additional unit of output.

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In case of monopoly

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