A monopolist's marginal revenue curve _________ over increasing rates of production.
Group of answer choices
A) Increases
B)Decreases
C) Is constant
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.
A monopolist's marginal revenue curve _________ over increasing rates of production. Group of answer choices A)...
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