Explain why the marginal revenue curve for a monopolist lies, Macroeconomics

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Explain why the marginal revenue curve for a monopolist lies

Problem

(Revenue Schedules) Explain why the marginal revenue curve for a monopolist lies below its demand curve, rather than coinciding with the demand curve, as is the case for a perfectly competitive firm. Is it ever possible for a monopolist's marginal revenue curve to coincide with its demand curve?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Explain why the marginal revenue curve for a monopolist lies

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