Multiple Choice
If a profit maximizing monopolist sells output for $100, then we know that its marginal revenue is
A) more than $100 if it is a perfect price discriminator.
B) less than $100 if it is a single price monopolist.
C) equal to $100 in all cases.
D) less than $100 if it is a perfect price discriminator.
Correct Answer:
Verified
Correct Answer:
Verified
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