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A Monopolist Can Sell 20 Units a Week at a Price

Question 52

Multiple Choice

A monopolist can sell 20 units a week at a price of $10 per unit.To sell 21 units a week, it would have to lower its price to $9 per unit.The marginal revenue of the 21st unit would be:


A) $9.
B) -$11
C) -$12
D) -$20
E) -$21

Correct Answer:

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