For a monopolist,marginal revenue is lower than price.

Name: For a monopolist,marginal revenue is lower than price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A monopolist has market power and can set the price at a level higher than the marginal revenue. As the monopolist increases production, the price will have to be lowered to sell more units, and as a result, the marginal revenue decreases. Therefore, the marginal revenue will always be lower than the price for a monopolist.

For a Monopolist,marginal Revenue Is Lower Than Price