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Commerce · Q1196

Economics

Graduate and Post Graduate · Commerce · question 1196

Q1196

If the individual firm's demand curve is coincident with the market demand curve then

A.
firm is a price-taker
B.
firm is a monopolist
Answer
C.
firm can set any price it wants without limitation
D.
marginal revenue is equal to average revenue

Answer: Option B

Solution

Answer: Option B
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