Average revenue curve
Average revenue curve
Glossary of business
Definition of average revenue curve
The average revenue curve is a curve which plots average revenue. It is therefore equivalent to the firm's demand curve. The shape of the average revenue curve will depend on the situation the firm is in. If the firm is a price setter (in other words has a degree of market power) then the curve will be more inelastic (steeper) than if they are a price-taker (where they have little or no market power).
Source : http://business-tes.wikispaces.com/file/view/Glossary.doc
link: http://business-tes.wikispaces.com/
Author : not indicated on the source document of the above text
Terminology about business
Job world
Definition and meaning of average revenue curve
Meaning of average revenue curve
This is the right place where find the answers to your questions like :
Who ? What ? When ? Where ? Why ? Which ? How ? What does average revenue curve mean ? Which is the meaning of average revenue curve ?
What does average revenue curve mean ?
Alanpedia.com from 1998 year by year new sites and innovations
Main page - Disclaimer - Contact us