Question

A monopolist is forced to lower its price in order to sell another unit of its product. this describes the problem of:________

Answer 1

A monopolist is forced to lower its price in order to sell another unit of its product. this describes the problem of marginal revenue is less than price.

A monopoly is a market structure in which  a single seller or a producer assumes that he has  a dominant position in an industry or any sector. Monopolies are discouraged in the  free-market economies as they try to  stifle the competition and limit different substitutes for consumers.

In the United States, antitrust legislation restricts monopolies which  ensures that one business cannot control a market and use that control to exploit its customers.

To know more about monopoly here:

brainly.com/question/10441375

#SPJ4