Multiple Choice
A pure monopolist is selling nine units at a price of $50. If the marginal revenue of the tenth unit is $30, then the
A) price of the tenth unit is $49.
B) price of the tenth unit is $48.
C) price of the tenth unit is greater than $50.
D) firm's demand curve is perfectly elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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