The revenue curves that a monopoly faces are different from those that a perfectly competitive firm faces in that the:

A. marginal revenue curve is downward sloping instead of flat.
B. average revenue curve is no longer equal to price.
C. marginal revenue curve is now flat instead of downward sloping.
D. total revenue curve for a monopoly is linear.


A. marginal revenue curve is downward sloping instead of flat.

Economics

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Economics