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Author Question: For a single-price monopolist, marginal revenue falls faster than price (as output rises) because (Read 54 times)

hjfhdiskkjs

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on: Oct 12, 2022
For a single-price monopolist, marginal revenue falls faster than price (as output rises) because
◦ the cost of producing extra units of output increases as production is increased.
◦ profits are maximized when marginal cost equals marginal revenue.
◦ in order to sell additional units, the price must be lowered on all units.
◦ the firm has no supply curve.
◦ none of the above - marginal revenue does not fall faster than price.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by hjfhdiskkjs on Oct 12, 2022

heathercab

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Reply #1 on: Oct 12, 2022
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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hjfhdiskkjs

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Reply 2 on: Oct 12, 2022
:D TYSM

Bigfoot1984

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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