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For a single - price monopoly, price is equal to zero because the firm is not a price taker. less than marginal revenue because the

For a single $-$ price monopoly, price is

equal to zero because the firm is not a price taker.

less than marginal revenue because the firm cannot increase its total revenue when the demand curve is downward sloping.

equal to marginal revenue.

less than marginal revenue because the firm must lower its price in order to sell another whil of output.

greater than marginal revenue.

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