For ______units a monopoly produces, the price is ______than the marginal revenue.

Name: For ______units a monopoly produces, the price is ______than the marginal revenue.
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Question

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For a monopoly, the price is always greater than the marginal revenue for all units it produces. This is because a monopoly faces a downward-sloping demand curve, and to sell additional units, it must lower the price not just for the additional units but for all units sold, which causes marginal revenue to be less than the price.

For ______Units a Monopoly Produces, the Price Is ______Than the Marginal

For Units a Monopoly Produces, the Price Is Than the Marginal