For a single- price monopolist, price is _______ marginal revenue.
A) less than
B) equal to
C) greater than
D) less than or equal to but never more than

Question

Quizplus · Accepted Answer

For a single-price monopolist, price is greater than marginal revenue because as they sell more units, they must lower the price on all units sold to sell additional units, which means the additional revenue gained from selling one more unit (marginal revenue) is less than the price of that unit.

For a Single- Price Monopolist, Price Is _______ Marginal Revenue