A Monopolist's Marginal-Revenue Curve Is Less Than Price for Which

question 84

Multiple Choice

A monopolist's marginal-revenue curve is less than price for which of the following reasons?
(i) to sell additional units of the good, the price charged on all units must decrease
(ii) with the sale of an additional unit, the monopolist receives less revenue for each of the previous units it planned to sell
(iii) because of the downward-sloping demand curve

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(i), (ii) and (iii)

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