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Q. |
P = a – bQ is the demand cure of a monopolist. Which of the following statements is true? |
A. | AR & MR are equal |
B. | The rate of decline of MR is twice the rate of decline of AR |
C. | The demand curve has unit elasticity |
D. | slope of MR is zero. |
Answer» B. The rate of decline of MR is twice the rate of decline of AR |
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