The price a monopolist sets is equal to:
A) marginal revenue.
B) average revenue.
C) average total costs.
D) marginal cost.

Name: The price a monopolist sets is equal to: A) marginal revenue. B) average revenue. C) average total costs. D) marginal cost.
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Question

Quizplus · Accepted Answer

In a monopoly, the price is set equal to the average revenue, which is the demand curve, as the monopolist is the sole provider of the good or service.

The Price a Monopolist Sets Is Equal To