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Explain what kind of average revenue curve does a monopoly

Assignment 3

1. Explain what kind of Average Revenue curve does a monopoly firm faces and why?

2. What do you understand by discriminatory monopoly? Bring out the conditions that enable the monopoly firm to charge different prices for its product in different markets.

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Microeconomics: Explain what kind of average revenue curve does a monopoly

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Microeconomics: Explain what kind of average revenue curve does a monopoly

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