Multiple Choice
A single-price monopolist sets a price of $35 and is selling more than one unit of the product.Which of the following is true?
A) The average cost of that unit must be $35.
B) The marginal cost of that unit must be $35.
C) The marginal revenue of that unit must be $35.
D) The marginal revenue of that unit must be less than $35.
Correct Answer:
Verified
Related Questions
