A Non-Discriminating Monopolist's Marginal Revenue Curve Lies Below Its Demand

Multiple Choice

A non-discriminating monopolist's marginal revenue curve lies below its demand curve because

A) economists put it there by convention
B) in order to earn more profit,the monopolist must charge higher prices
C) a monopolist gouges its customers
D) in order to increase their profits,monopolists must produce in the inelastic range of the demand curve
E) in order to increase the number of units sold,the firm must lower the price on all units sold