If a nondiscriminating imperfectly competitive firm is selling its 100th unit of output for $35, its marginal revenue

A) may be either greater or less than $35.
B) will also be $35.
C) will be less than $35.
D) will be greater than $35.

Question

Trevor Twistedd · Accepted Answer

Final Answer : C, Explanation :  In an imperfectly competitive market, the marginal revenue of selling an additional unit is less than the price at which the unit is sold because the firm must lower the price of all units sold to sell an additional unit.

If a nondiscriminating imperfectly competitive firm is selling its 100th unit of output for $35, its marginal revenue

A) may be either greater or less than $35.
B) will also be $35.
C) will be less than $35.
D) will be greater than $35.

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Learning Objectives

Related questions

If a nondiscriminating imperfectly competitive firm is selling its 100th unit of output for $35, its marginal revenueA) may be either greater or less than $35.B) will also be $35.C) will be less than $35.D) will be greater than $35.

Definitions

Learning Objectives

Learning Objectives

Related questions

If a nondiscriminating imperfectly competitive firm is selling its 100th unit of output for $35, its marginal revenue

A) may be either greater or less than $35.
B) will also be $35.
C) will be less than $35.
D) will be greater than $35.