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Suppose a Monopolistically Competitive Firm Sells 25 Units at a Price

Question 236

Multiple Choice

Suppose a monopolistically competitive firm sells 25 units at a price of $10.Calculate its marginal revenue per unit of output if it sells 5 more units of output when it reduced its price to $9.


A) $270
B) $20
C) $4
D) $2.50

Correct Answer:

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