The pure monopolist who is non-discrimination must decrease

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Q. The pure monopolist who is non-discrimination must decrease price on all units of a product sold in order to sell additional units. This explains explain why:

A. A monopoly has a perfectly elastic demand curve

B. Total revenues are greater than total costs at the profit maximizing level of output

C. There are barriers to entry in pure monopoly

D. Marginal revenue is less than average revenue

Reference no: EM13112653

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