8. In a monopoly, the price of a good or service is always: A) less than the average total cost. C) D) greater than marginal revenue. less than marginal revenue. 9. (Figure: Determining Monopolist Profit) Based on the graph, the profit-maximizing price is at point: MC Price and Cost lo MR Output D) d. 10. (Table) Suppose a monopolist faces the demand relationship shown in the table. Marginal revenue for the second unit of output is: Quantity Demanded Price $10 A) S7 B) $21. C) m. S2