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Suppose That a Monopolist Is Charging $12 Per Unit of Output.One

Question 77

Multiple Choice

Suppose that a monopolist is charging $12 per unit of output.One can infer


A) that marginal revenue is greater than $12.
B) that average revenue is less than $12.
C) that marginal revenue is $12.
D) that marginal revenue is less than $12.
E) nothing from this information.

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