Marginal revenue for a single-price monopolist is A) less than ...

[kaid0807]

Marginal revenue for a single-price monopolist is
 
  A) less than the market price.
  B) equal to the market price.
  C) greater than the market price.
  D) equal to zero for all levels of output.

Question 2

Using the data in the above table, the equilibrium quantity and equilibrium price for a cellular telephone is
 
  A) 50 thousand and 100.
  B) 80 thousand and 80.
  C) 60 thousand and 50.
  D) 40 thousand and 20.

[vickyvicksss]

Answer to Question 1

A

Answer to Question 2

C

[kaid0807]

Thanks for the timely response, appreciate it

[ebonylittles]

Excellent