Price Is Always Greater Than Marginal Revenue Because

Price is always greater than marginal revenue because:

A) the monopolist cannot charge a price below the demand curve.
B) the reduction in revenue due to the higher price is subtracted from the increase in revenue from the extra unit produced.
C) the reduction in revenue due to the lower price is subtracted from the increase in revenue from the extra unit produced.
D) the increase in revenue due to the lower price is subtracted from the increase in revenue from the extra unit produced.

Correct Answer:

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