The downward sloping of the Average Revenue curve of the monopolist indicates that he

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Economics WAEC 1989

The downward sloping of the Average Revenue curve of the monopolist indicates that he

  • Can control both output and price
  • Can only break-even
  • Can control either the output or the price, but not both checkmark
  • Can’t control anything
  • Exploit the consumer

The correct answer is: C

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