Question: 2. For a monopolist facing a downward sloping demand function: (i) The marginal revenue is always lower than the price (ii) The marginal revenue is

2. For a monopolist facing a downward sloping demand function:

(i) The marginal revenue is always lower than the price

(ii) The marginal revenue is always equal tothe price

(iii) The marginal revenue is always greater than the price

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