At any given output the marginal revenue of the monopolist may be equal to, greater than, or less than its average revenue.

Name: At any given output the marginal revenue of the monopolist may be equal to, greater than, or less than its average revenue.
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In a monopoly, marginal revenue is always less than average revenue because the monopolist must lower the price to sell additional units, causing marginal revenue to fall below average revenue.

At Any Given Output the Marginal Revenue of the Monopolist