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Author Question: For a single-price monopolist, why is marginal revenue less than price? (Read 82 times)

maegan_martin

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on: May 24, 2019
For a single-price monopolist, why is marginal revenue less than price?
◦ Because the firm is a price taker.
◦ To sell another unit, the price must be lowered.
◦ Demand is elastic when another unit is sold.
◦ Demand is inelastic when another unit is sold.
◦ The question is false because marginal revenue is always equal to price.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by maegan_martin on May 24, 2019

bfulkerson77

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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maegan_martin

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

ktidd

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Reply 3 on: Yesterday
Excellent

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