Marginal Revenue of a Monopoly firm is less than the price. Because:
A. Demand curve has a positive slope.
B. Demand curve has a negative slope.
C. Monopolist incurs losses.
D. Monopolist is in equilibrium.
Answer:B
Marginal Revenue of a Monopoly firm is less than the price. Because:
A. Demand curve has a positive slope. B. Demand curve has a negative slope. C. Monopolist incurs losses. D. Monopolist is in equilibrium.