In a monopoly, marginal revenue is ? – McqOptions

MCQOPTIONS

1.	In a monopoly, marginal revenue is ?
A.	lower than price for all units other than the first
B.	less than price at low levels of output and greater than price at high levels of output
C.	always greater than price
D.	always equal to price
Answer» B. less than price at low levels of output and greater than price at high levels of output

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