Re: JNU 2005

Posted by Anjali on Mar 25, 2014; 2:13pm
URL: http://discussion-forum.276.s1.nabble.com/JNU-2005-tp7585438p7585463.html

Well option b seems correct to me. But Iam a little confused with option c. In standard Monopoly diagrams we take MC to be an upward sloping linear curve. And AC is is u-shaped. So in such a case , curves pattern would be different from that in the competitive case. Just let me know where Iam going wrong :-p