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for a monopolist, marginal revenue is less than price because a)the monopolist must lower price on the last unit sold in order to sell it

for a monopolist, marginal revenue is less than price because

a)the monopolist must lower price on the last unit sold in order to sell it

b)the monopolist must lower price on all units sold and not just on the last unit sold

c)the demand curve is inelastic

d)marginal revenue is always less than price, just as in the model of perfect competition

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