For a Single-Price Monopoly,marginal Revenue Is Less Than Price Because

Multiple Choice

For a single-price monopoly,marginal revenue is less than price because

A) the revenue gained from the last unit sold is offset by further gains in price on units not sold at all.
B) total revenue always decreases as output increases.
C) the revenue gained from the last unit sold is offset by a revenue loss on the units that previously had been sold at a higher price.
D) the price does not need to be lowered on all previous units sold.
E) demand is perfectly elastic.