Solved

To Increase Sales from 7 Units to 8 Units, a Single-Price

Question 7

Multiple Choice

To increase sales from 7 units to 8 units, a single-price monopolist must drop the price from $7 per unit to $6 per unit. What is marginal revenue in this range?


A) $48
B) $6
C) $1
D) -$1
E) $7

Correct Answer:

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