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A non-discriminating monopolist is selling 6 units at a price of$12. If the marginal revenue of the seventh unit is $5, then: price of the

A non-discriminating monopolist is selling 6 units at a price of$12. If the marginal revenue of the seventh unit is $5, then:

price of the seventh unit is $10.
price of the seventh unit is $11.
price of the seventh unit is greater than $12.
price of the seventh unit is $5.

Assuming the demand curve that a pure monopolist faces isdownward-sloping, its total revenue:

is rising.
is falling.
may be either rising or falling.
must be negative.

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