Multiple Choice
Suppose that a pure monopolist can sell 20 units of output at $10 per unit and 21 units at $9.75 per unit. The marginal revenue of the 21st unit of output is
A) $9.75.
B) $204.75.
C) $4.75.
D) $.25.
Correct Answer:
Verified
Correct Answer:
Verified
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