Why is a monopolists marginal revenue less than the price of its good? Can marginal revenue ever

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Why is a monopolist’s marginal revenue less than the price of its good? Can marginal revenue ever be negative? Explain.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:59 AM

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Why is a monopolists marginal revenue less than the price of its good? Can marginal revenue ever

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A monopolists marginal revenue is less than the price of its product b...View the full answer

Principles of economics

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