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Answer to Question #136459 in Microeconomics for Shreyan dutta

Question #136459

In long run what is the shape of monopoly


1
Expert's answer
2020-10-05T13:45:13-0400

It has a downward slope in the demand curve and the marginal revenue curve with the same price intercept; however, the marginal demand curve is twice as steep as the demand curve.


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