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A Monopolist Can Sell 6 Units Per Day at $8

Question 48

Multiple Choice

A monopolist can sell 6 units per day at $8 per unit, or 7 units per day at $7 per unit.Its marginal revenue for the seventh unit of output is:


A) $49.
B) $7.
C) $1.
D) $-1
E) impossible to determine.

Correct Answer:

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