What is true about the monopoly's marginal revenue? Assume no price discrimination please (just one price can be used ) a.Marginal revenue is lower than the price (except for the first unit), because selling more requires the monopoly to discount the former units as well b. Marginal revenue is equal to price c.Marginal revenue is higher than price d.None of the other answers is correct Which one

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A: here we solve the following as follow-

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Q: For many decades, the Royal Mail had a legal monopoly in the U.K. Companies in the postal business…

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