Marginal Revenue Is Less Than Price for a Single- Price

question 14

Multiple Choice

Marginal revenue is less than price for a single- price monopolist because the

• A) monopolist must worry about how its price setting will lead to entry by other firms.
• B) monopolist has achieved economies of scale.
• C) firm's output decisions do not affect the selling price.
• D) monopolist charges a price higher than the unit production cost.
• E) firm must lower its price for all units if it wants to sell more of the product.

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A feeling of aversion or lack of preference towards someone or something.

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