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    Question

    On a graph for a monopolist or monopolistic competitor, which of the following curves coincide?

    A The demand and average revenue curves only Correct Answer Incorrect Answer
    B The demand and marginal revenue curves only Correct Answer Incorrect Answer
    C The average revenue and marginal revenue curves only Correct Answer Incorrect Answer
    D The demand, average revenue and marginal revenue curves Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The demand and average revenue curves coincide. The MR curve starts at the same point on the vertical axis, but is otherwise below them.

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