The AR curve and industry demand curve are same in case of
The AR curve and industry demand curve are same in case of
A). Monopoly
B). Oligopoly
C). Perfect competition
D). None of the above
1 answers
Monopoly
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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