

MCQOPTIONS
Saved Bookmarks
1. |
When a monopolist produces an additional unit, the marginal revenue generated by that unit must be ? |
A. | below the price because the price effect outweighs the output effect |
B. | above the price because the output effect outweighs the price effect |
C. | above the price because the price effect outweighs the output effect |
D. | below the price because the output effect outweighs the price effect |
Answer» B. above the price because the output effect outweighs the price effect | |