Choose the correct statement.

A. Marginal revenue equals total revenue divided by quantity sold.

B. For a monopoly, marginal revenue equals price.

C. For a monopoly, total revenue equals marginal revenue multiplied by the quantity sold.

D. When price is lowered to sell one more unit, the lower price results in a revenue loss and the increased quantity sold results in a revenue gain.

D) When price is lowered to sell one more unit, the lower price results in a revenue loss and the increased quantity sold results in a revenue gain.

Explanation:

the other statements are false because:

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