ning: 1:03:22 Save Submit Test for Grading Question 13 of 30 se01 miosh_ch09.09m Tom, the monopoly provider of a town's cable TV service, has set the current cable subscription price at $20 per month. To attract one more subscriber, he needs to lower his price to $19.95. What is of the effect on Tom's marginal revenue from that additional subscriber? a. Tom's marginal revenue equals $19.95 b. Tom's marginal revenue is greater than $19.95 c. Tom's marginal revenue is less than $19.95 d. Tom's marginal revenue is between $19.95 and $20. Refer to the Market Graph. Which area represents the loss in consumer surplus if this market was operated by a monopolist rather than being perfectly competitive? Market Graph MCS Price Q, MR Q Quantity