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The marginal revenue curve of a monopolist is

Economics
WAEC 1999

The marginal revenue curve of a monopolist is

  • A. upward sloping from the right to left
  • B. downward sloping from left to right
  • C. paralell to the quantity axis
  • D. downward sloping from right to left
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Correct Answer: Option B
Explanation

The marginal revenue curve for the monopoly firm is downward sloping from left to right and lies below the market demand curve. It shows the additional revenue the monopolist gained from selling an additional unit.

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