what is basic different between monopoly and monopolistic demand curve
?

Commerce Question

By Vansh Gandhi · Jan 18, 2020 ·Commerce
Priyanshu Tiwari answered Jan 18, 2020
Under monopoly, AR and MR are different. AR refers to price, MR refers to marginal revenue. ... Under monopolistic competition also, the revenue curves are different but in this case, the revenue curves are more elastic. It means small fall in price, will lead to big increase in demand.

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