Multiple Choice
A monopolist can sell nine units at $10 per unit.Since he can sell ten units if he lowers his price to $9 per unit,we know that the
A) marginal revenue of the monopolist is $0.
B) monopolist should sell no more than nine units.
C) monopolist should be raising price above $10 per unit.
D) monopolist is making a loss if he lowers his price.
E) monopolist is maximizing his profit.
Correct Answer:
Verified
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