Question

A monopolist's marginal revenue curve _________ over increasing rates of production. Group of answer choices A)...

A monopolist's marginal revenue curve _________ over increasing rates of production.

Group of answer choices

A) Increases

B)Decreases

C) Is constant

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Answer #1

Ans) Monopolist's marginal revenue curve is downward sloping i.e as the quantity increases, marginal revenue decreases. It is because, to sell an additional unit, monopolist will have lower the price.

Option b.

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