Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

Which of the following measures the degree of monopoly power ? Here symbols have their usual meaning.  

1
\(\rm \frac{AR-MR}{AR}\)
2
\(\rm \frac{AR}{AR-MR}\)
3
\(\rm \frac{MR}{AR-MR}\)
4
\(\rm \frac{AR-MR}{MR}\)
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