Multiple Choice
Suppose that a pure monopolist can sell 7 units of output at $9 per unit and 8 units at $8.50 per unit. For the monopolist to profitably produce and sell the eighth unit of output, its marginal cost must be anywhere at or below
A) $9.
B) $8.50.
C) $6.50.
D) $5.00.
Correct Answer:
Verified
Correct Answer:
Verified
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