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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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