Multiple Choice
A monopolist can sell nine units at $10 per unit.Since he can sell ten units if he lowers his price to $9 per unit,he would lower his price to $9 if his
A) average variable cost is $9.
B) marginal cost is $9.
C) total fixed cost is $9.
D) marginal cost is $0.
E) total fixed cost is $0.
Correct Answer:
Verified
Correct Answer:
Verified
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