The Following Table Shows the Quantities of a Good Sold

question 100

Multiple Choice

The following table shows the quantities of a good sold by a monopolist at different prices.

-Refer to the table above.Which of the following statements is true of the monopolist's marginal revenue?

• A) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue decreases.
• B) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue increases.
• C) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue first increases and then decreases.
• D) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue first decreases and then increases.

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