what-is-the-effect-of-a-downward-sloping-demand-curve-on-a-monopolys-marginal-re

Question

What is the effect of a downward-sloping demand curve on a monopoly's marginal revenue?

Accepted Answer

Marginal revenue decreases as output increases.

Answer

Marginal revenue remains constant as output increases.

Answer

Marginal revenue is unaffected by changes in output.

Answer

Marginal revenue increases as output increases.