For a monopoly, the marginal revenue curve ________ its demand curve.

A) is below
B) is above
C) is the same as
D) has no relation to

Question

For a monopoly, the marginal revenue curve ________ its demand curve.A)  is belowB)  is aboveC)  is the same asD)  has no relation to

Pannathorn Likhithanakom · Accepted Answer

Final Answer : A, Explanation :  For a monopoly, the marginal revenue curve is below its demand curve because each additional unit sold lowers the price for all units sold, not just the marginal unit.

For a monopoly, the marginal revenue curve ________ its demand curve.

A) is below
B) is above
C) is the same as
D) has no relation to

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