Table 15-1 A Monopolist Faces the Following Demand Curve

question 285

Multiple Choice

Table 15-1
A monopolist faces the following demand curve:
Marginal cost is constant at $8 per unit.
-Refer to Table 15-1.The monopolist's marginal revenue is

• A) always more than the price of its good.
• B) always equal to the price of its good.
• C) always less than the price of its good.
• D) sometimes more and sometimes less than the price of its good.

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