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To Increase Sales from 7 Units to 8 Units,a Single-Price

Question 64

Multiple Choice

To increase sales from 7 units to 8 units,a single-price monopolist must drop the price from $7 per unit to $6 per unit.What is marginal revenue in this range?


A) $48
B) $6
C) $1
D) -$1
E) None of the above.

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