For a monopolist, marginal revenue is a. positive when the demand effect is grea

Question

For a monopolist, marginal revenue is a. positive when the demand effect is greater than the supplyeffect. b.positive when the monopoly effect is greater than thecompetitive effect. c.negative when the price effect is greater than the outputeffect. d.negative when the output effect is greater than the priceeffect. For a monopolist, marginal revenue is a. positive when the demand effect is greater than the supplyeffect. b.positive when the monopoly effect is greater than thecompetitive effect. c.negative when the price effect is greater than the outputeffect. d.negative when the output effect is greater than the priceeffect.

Explanation / Answer

C. Negative if price has an effect greater than the output effect on marginal revenue.

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