For a single-price monopoly,the demand curve is
A)below the marginal revenue curve.
B)the same as the marginal revenue curve.
C)above the marginal revenue curve.
D)the same as the total revenue curve.
E)below the average total cost curve.

Question

Quizplus · Accepted Answer

For a single-price monopoly, the demand curve is always above the marginal revenue curve because the monopoly must lower the price on all units sold to sell an additional unit, causing marginal revenue to be less than the price.

For a Single-Price Monopoly,the Demand Curve Is