Multiple Choice
A monopoly sells 10 units of output at $10. The MR of the 11th unit is $4.50, then
A) the price of the 11th unit is also $10.
B) the price of the 11th unit is $9.50.
C) the price of the 11th unit must be greater than $10.
D) the price of the 11th unit is $7.25.
Correct Answer:
Verified
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