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,he would lower his price to $9 if his

Question

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A monopolist will lower the price if the marginal cost of producing an additional unit is less than or equal to the marginal revenue gained from selling that unit. If the marginal cost is $0, the monopolist can increase profit by selling more units at a lower price.

A Monopolist Can Sell Nine Units at $10 Per Unit