Because the monopolist's demand curve is downsloping,
A)MR will equal price.
B)price must be lowered to sell more output.
C)the elasticity coefficient will increase as price is lowered.
D)its supply curve will also be downsloping.

Question

Quizplus · Accepted Answer

To sell more output, a monopolist must lower the price because the demand curve is downward sloping, indicating that lower prices are necessary to increase quantity sold.

Because the Monopolist's Demand Curve Is Downsloping