For a Single-Price Monopolist, Why Is Marginal Revenue Less Than

question 62

Multiple Choice

For a single-price monopolist, why is marginal revenue less than price?

• A) Because the firm is a price taker.
• B) Demand is inelastic when another unit is sold.
• C) Demand is elastic when another unit is sold.
• D) The question is false because marginal revenue is always equal to price.
• E) To sell another unit, the price must be lowered.

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