For a monopoly a firms' marginal revenue is always equal to price.

Name: For a monopoly a firms' marginal revenue is always equal to price.
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Question

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In a monopoly, the marginal revenue is not always equal to price. The firm has the power to influence the market price by adjusting its output level. Therefore, when a monopoly firm reduces its output level to increase the price of its product, the marginal revenue will be less than the price.

For a Monopoly a Firms' Marginal Revenue Is Always Equal