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A monopolist well have a marginal revenue curve that is A. Above the marginal co

ID: 1107592 • Letter: A

Question

A monopolist well have a marginal revenue curve that is A. Above the marginal cost curve B.Below the demand curve C. Identical to the marginal cost curve D. Identical to the demand curve A monopolist well have a marginal revenue curve that is A. Above the marginal cost curve B.Below the demand curve C. Identical to the marginal cost curve D. Identical to the demand curve A. Above the marginal cost curve B.Below the demand curve C. Identical to the marginal cost curve D. Identical to the demand curve

Explanation / Answer

B.Below the demand curve

the above is correct answer because marginal revenue is less than price as it needs to lower prices to sell more in monopoly.

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