For a monopolist,average revenue is _____
A)equal to marginal revenue at all output levels.
B)greater than price at all output levels.
C)less than price at all output levels.
D)represented by a horizontal curve at all output levels.
E)more than marginal revenue at all output levels.

Question

Quizplus · Accepted Answer

For a monopolist, average revenue is equal to price, and marginal revenue is less than average revenue at all output levels due to the downward-sloping demand curve.

For a Monopolist,average Revenue Is _____