When Considering Marginal Revenue for the Monopolist, Which of the Following

question 161

Multiple Choice

When considering marginal revenue for the monopolist, which of the following is FALSE?

• A) To sell more of a particular product, given the industry demand curve, the monopoly firm must lower the price.
• B) An essential point for the monopolist, marginal revenue is always less than price.
• C) Marginal revenue is always less than price because price must be reduced on all units to sell more.
• D) The more the monopolist wants to sell, the higher the price it has to charge in order to make more profits.

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