Without price discrimination, the monopolist sells every unit at the same price. As a consequence,
A)marginal revenue is equal to price.
B)marginal revenue is equal to average revenue.
C)price is greater than marginal revenue.
D)Both a and b are correct.

Question

Quizplus · Accepted Answer

Without price discrimination, a monopolist's marginal revenue is less than the price because selling additional units requires lowering the price on all units sold.

Without Price Discrimination, the Monopolist Sells Every Unit at the Same