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A Single-Price Monopolist Sets Its Price for Good X at $75

Question 105

Multiple Choice

A single-price monopolist sets its price for good X at $75 and is selling more than one unit of good X. Which of the following must be true?


A) The average cost of that unit must be $75.
B) The marginal cost of that unit must be $75.
C) The marginal revenue of that unit must be $75.
D) The marginal revenue of that unit must be less than $75.

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