For a Monopolist, the Marginal Revenue Gained When One More

question 2

Multiple Choice

For a monopolist, the marginal revenue gained when one more unit of output is sold is

• A) the price at which the extra unit is sold minus the loss in revenue that results from cutting the price on units sold previously.
• B) equal to the price of the product.
• C) negative if price is above the midpoint of the demand curve.
• D) the average revenue created by the increased sales.

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