Why is average revenue curve negatively sloped under monopolistic competition?

Question 1

Question 2

Under monopolistic competition the products are differentiated or heterogeneous. A firm can sell more by reducing the price, as its product is a Since close substitute for other firms' products.

kratos · Answer 1 · 2020-10-06T14:56:22+0000

Under monopolistic competition the products are differentiated or heterogeneous. A firm can sell more by reducing the price, as its product is a Since close substitute for other firms' products.

Why is average revenue curve negatively sloped under monopolistic competition?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Why is average revenue curve negatively sloped under monopolistic competition?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions