For a Monopoly

question 166

Multiple Choice

For a monopoly,

• A)average revenue exceeds marginal revenue.
• B)average revenue equals marginal revenue.
• C)average revenue is less than marginal revenue.
• D)price equals marginal revenue.

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Definitions:

Par Value

The face value of a bond or share of stock as stated on the certificate, which is not necessarily indicative of the market value.