e marginal revenue is (Click to select) less than price for a monopolist because to increase profit the price must fall. O for each additional unit sold one must lower the price for all other goods sold. Owhen the marginal is falling the average is below it. Omarginal revenue represents the demand curve.

e marginal revenue is (Click to select) less than price for a monopolist because to increase profit the price must fall. O for each additional unit sold one must lower the price for all other goods sold. Owhen the marginal is falling the average is below it. Omarginal revenue represents the demand curve.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter9: Monopoly

Section: Chapter Questions

Problem 6SQP

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