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

1.	The AR curve and industry demand curve are same in case of
Answer» 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.

Answer»

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

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