Question: If a profit - maximizing monopolist faces a downward - sloping market demand curve, its a . average revenue is less than marginal revenue. b

If a profit-maximizing monopolist faces a downward-sloping market demand curve, its a. average revenue is less than marginal revenue. b. average revenue is less than the price of the product. c. marginal revenue is less than the price of the product. d. marginal revenue is greater than the price of the product.

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