A pure monopolist is selling 7 units at a price of $12. If the marginal revenue of the 8th unit is $4, then the price of the 8th unit is
A) $10.
B) $11.
C) greater than $12.
D) $4.

Question

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The Answer of A pure monopolist is selling 7 units at a price of $12. If the marginal revenue of the 8th unit is $4, then the price of the 8th unit is
A) $10.
B) $11.
C) greater than $12.
D) $4.

A Pure Monopolist Is Selling 7 Units at a Price