1
answer
0
watching
167
views
20 May 2018
73) In the diagram, marginal revenue is less than price at any given level of output because A) of the unique form of the demand curve in this market. B) in order to sell an additional unit of output the firm must lower the price of that marginal unit of output. C) in order to sell an additional unit of output the firm must lower the price on all units of output. D) in order to lower the price the monopolist must restrict output. E) total revenue is always declining with more units sold.
73) In the diagram, marginal revenue is less than price at any given level of output because A) of the unique form of the demand curve in this market. B) in order to sell an additional unit of output the firm must lower the price of that marginal unit of output. C) in order to sell an additional unit of output the firm must lower the price on all units of output. D) in order to lower the price the monopolist must restrict output. E) total revenue is always declining with more units sold.
Keith LeannonLv2
21 May 2018
