Which of the following best explains why the monopolist’s marginal revenue is less than the sales price?A) To sell more units, the monopolist must increase the price on all units sold.B) As the monopolist expands output, its total revenue always will decline.C) When the monopolist reduces price in order to sell more units, it must lower the price of units that could otherwise have been sold at a higher price.D) When a firm has a monopoly, consumers have no choice other than to pay the price set by the monopolist.

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