(Answered) The 2 following questions i am a little lost on and i

Management Studies

The 2 following questions I am a little lost on and I desperately need some help. Thank you in advance.

Explain your understanding of how price effect contributes to the fact that, for a monopoly, marginal revenue is always less than the price.
Explain your understanding of how quantity effect contributes to the fact that, for a monopoly, marginal revenue is always less than the price.

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