For a given quantity,a monopoly's marginal revenue is always greater than the price associated with that quantity.

Name: For a given quantity,a monopoly's marginal revenue is always greater than the price associated with that quantity.
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A monopoly's marginal revenue is always less than the price associated with that quantity. This is because the monopoly must lower the price on all units in order to sell an additional unit, thus reducing its revenue on all units sold.

For a Given Quantity,a Monopoly's Marginal Revenue Is Always Greater