Refer to the table above. Which of the following statements is true of the monopolist's marginal revenue?

A) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue decreases.
B) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue increases.
C) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue first increases then decreases.
D) As the monopolist reduces the price of its product from $9 to $3, the marginal revenue first decreases then increases.


A

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