The Marginal Revenue for a Single-Price Monopoly with a Downward-Sloping

Multiple Choice

The marginal revenue for a single-price monopoly with a downward-sloping demand curve

A) is less than the price.
B) is greater than the price.
C) is equal to the price.
D) might be more than, less than, or equal to the price, depending on whether the slope of the demand curve exceeds 1.0 in magnitude.
E) might be more than, less than, or equal to the price, depending on whether the price elasticity of demand exceeds 1.0 in magnitude.