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Answer to Question #49256 in Microeconomics for Austin

Question #49256
For a monopolist that employs a uniform pricing strategy, marginal revenue is less than price because: the monopolist’s demand curve is perfectly inelastic
the monopolist’s demand curve is perfectly elastic
if the monopolist charges a lower price versus a higher price, the lower price applies to all units of output sold
the monopolist’s total revenue curve is linear and upward sloping
Expert's answer
Uniform pricing is also called "simple monopoly pricing". The buyers are free to choose the quantity at a fixed price. For a monopolist that employs a uniform pricing strategy, marginal revenue is less than price because: if the monopolist charges a lower price versus a higher price, the lower price applies to all units of output sold.

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