Multiple Choice
A monopolist faces a linear,downward-sloping demand curve.If the slope of the demand curve is 2 (where price is on the y-axis and quantity on the x-axis) and the monopolist can sell four units of output at a price of $16.What is the marginal revenue from selling the fourth unit of output?
A) $1
B) $4
C) $10
D) $18
Correct Answer:
Verified
Correct Answer:
Verified
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