Question

The vertical distance between the horizontal axis and any point on a non-discriminating monopolist's demand curve measures:

a. product price and marginal revenue.
b. the quantity demanded.
c. product price and average revenue.
d. total revenue.

Answer 1

The vertical distance between the horizontal axis and any point on a non-discriminating monopolist's demand curve measures product price and marginal revenue.

Step-by-step explanation:

The vertical distance between the horizontal axis and any point on a non-discriminating monopolist's demand curve measures product price and marginal revenue.