The marginal revenue curve of a monopoly will decrease at a faster rate than price because any reduction in price applies to all units sold.

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The marginal revenue curve of a monopoly will decrease at a faster rate than price due to the fact that any reduction in price applies to all units sold, leading to a decrease in revenue for each unit sold. This is because a monopoly is the only seller in the market, and therefore has control over the price and quantity of the good or service. As the monopoly reduces the price, they will sell more units, but at a lower revenue per unit due to the decrease in price. This leads to a decrease in marginal revenue at a faster rate than the decrease in price.

The Marginal Revenue Curve of a Monopoly Will Decrease at a Faster