How does marginal revenue compare to price for a single-price monopoly? What will be an ideal ...

Author Question: How does marginal revenue compare to price for a single-price monopoly? What will be an ideal ... (Read 82 times)

Anajune7

Hero Member
Posts: 574

on: Jun 29, 2018

How does marginal revenue compare to price for a single-price monopoly?

What will be an ideal response?

Question 2

What is a price ceiling?

What will be an ideal response?

tuate

Sr. Member
Posts: 332

Reply #1 on: Jun 29, 2018

Answer to Question 1

Marginal revenue is less than price.

Answer to Question 2

A price ceiling is a maximum price that sellers can charge for a product.

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