Question

In Monopoly:

(A) P < MC = MR (B) P = MC = MR (C) P > MC = MR (D) P = MC > MR​

Answer 1

• ♥-In a monopoly, the marginal revenue is lower than the price because the demand curve is downward sloping. When prices go down, more units of the product are bought. Because of this, marginal revenue will not always equal price.

Answer 2

Answer:

In a monopoly, the marginal revenue is lower than the price because the demand curve is downward sloping. When prices go down, more units of the product are bought. Because of this, marginal revenue will not always equal price.