For a monopolist, marginal revenue is always less than price because

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    as output increases, the price of all units must fall to sell the additional unit.
     in order to sell additional quantities, the additional units much be sold at a lower price.
     because at lower prices, profit margins fall.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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as output increases, the price of all units must fall to sell the additional unit.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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