Monopoly Mcqs for Economics

Q.  When a monopolist produces an additional unit, the marginal revenue generated by that unit must be ?

a. below the price because the price effect outweighs the output effect
b. above the price because the output effect outweighs the price effect
c. above the price because the price effect outweighs the output effect
d. below the price because the output effect outweighs the price effect


ANSWER: See Answer
 
No explanation is available for this question!
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