For a single-price monopolist, price is ________ marginal revenue.
A) less than
B) greater than
C) equal to
D) less than or equal to but never more than

Question

Quizplus · Accepted Answer

For a single-price monopolist, the price is greater than marginal revenue because the monopolist 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 Monopolist, Price Is ________ Marginal Revenue