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Suppose a Single-Price Monopoly Sells 3 Units of a Good

Question 100

Multiple Choice

Suppose a single-price monopoly sells 3 units of a good at $20 per unit.If the monopoly sells 4 units,the total revenue increases to $72.What is the marginal revenue of the fourth unit?


A) $52
B) $18
C) $60
D) $12
E) $20

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