As a Monopolist Facing a Downward-Sloping Demand Curve Increases Sales

question 21

Multiple Choice

As a monopolist facing a downward-sloping demand curve increases sales from zero,total revenue

• A) remains unchanged.
• B) rises steadily to equal price.
• C) falls until it equals marginal revenue.
• D) equals demand.
• E) rises at first but eventually falls.

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