If a monopolist has a downward- sloping, nonlinear demand curve, the price will exceed the marginal revenue for all units produced.

Question

Quizplus · Accepted Answer

In a monopolist's downward-sloping, nonlinear demand curve, the marginal revenue decreases as the quantity produced increases. This means that the price charged for additional units will be higher than the revenue gained from those units, resulting in price exceeding marginal revenue for all units produced.

If a Monopolist Has a Downward- Sloping, Nonlinear Demand Curve