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A Single-Price Monopoly Can Sell 10 Units of Its Product

Question 86

Multiple Choice

A single-price monopoly can sell 10 units of its product at a price of $45 each, but to sell 11 units the monopoly must cut the price to $44. What is the marginal revenue of the extra unit sold?


A) $484
B) $44
C) $34
D) $450
E) -$1

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