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The AR curve and industry demand curve are same in case...

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Economics
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The AR curve and industry demand curve are same in case of

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Correct Answer: Option A
The AR curve and industry demand curve are same in case of Monopoly. In a monopoly, the price is set above marginal cost and the firm earns a positive economic profit. Perfect competition produces an equilibrium in which the price and quantity of a good is economically efficient.
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2 Comments
Prachi Bhatt
Prachi Bhatt 8 years ago
Why monopoly .why not perfect competition?
LOVELYBOY Prashant
LOVELYBOY Prashant 9 years ago
But how in case of monopoly as we know that AR curve also represent demand curve in perfect competition
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