Which of the following is a downward slo

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Non Competitive markets

Question:

Which of the following is a downward sloping curve which lies above the marginal revenue curve in a non-competitive market?

Options:

AR Curve

Demand Curve

MC Curve

Both 1 and 2

Correct Answer:

Both 1 and 2

Explanation:

AR curve and demand curve means the same thing only. AndARr curve lies above the MR curve in a imperfectly competitive market.