Answer:
Marginal revenue is less than the price of the product
Explanation:
An organization or firm's labor demand curve is simply known to be the downward-sloping part of its marginal revenue product of labor curve.A profit-max monopolist will produce the same level of output at which marginal revenue is equal to marginal cost. . It always faces a downward sloping demand curve.
Monopoly is simply known as a market structure where there is a single seller producing a unique product.
If the demand curve for a single price monopolist always is a downward sloping straight line, then marginal revenue will be a straight line with a negative slope of twice the demand curve slope. If the monopolist's marginal revenue is greater than its marginal cost, the monopolist may increase profit by selling more units at a lower price per unit.
