For a monopolist, average revenue: is always equal to price.
A monopoly, as described by Irving Fisher, is a market with the "absence of competition", developing a situation where a selected character or agency is the most effective supplier of a particular component.
A monopolist refers to a man or woman, group, or organization that dominates and controls the market for a particular true or provider. This loss of opposition and absence of alternative items or offerings approach the monopolist wielding sufficient energy within the market to price excessive fees. Monopolist. A monopolist is a man or woman, institution, or enterprise that controls the market for a very good or service. Monopolists often charge excessive charges for their goods.
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