for a monopolist: a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. ma

Question

Kazeer [188]

2 years ago

10

for a monopolist: a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. ma

rginal cost equals zero. e. average total cost equals marginal cost.

Business

1 answer:

strojnjashka [21] · Answer 1 · 2023-03-18T18:56:33+03:00

For a monopolist b. price is above marginal revenue.

<h3>What Is Marginal Revenue? </h3>

Marginal revenue can be regarded as increase in revenue which is been gotten from the sale of one additional unit of output.

As a monopolist that is the the only seller in the market, then their marginal revenue is usually above price because they don't have a competitor that is close enough.