For a Monopolist with a Downward-Sloping Demand Curve

question 64

Multiple Choice

For a monopolist with a downward-sloping demand curve,

• A) when the price is equal to zero, marginal revenue is equal to zero.
• B) the coefficient of price elasticity of demand is zero.
• C) as price increases, marginal revenue decreases.
• D) as price decreases, marginal revenue decreases.

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