Multiple Choice
A monopolist can sell 20 toys per day for $8.00 each. To sell 21 toys per day, the price must be cut to $7.00. The marginal revenue of the 21st toy is
A) âˆ'$10.
B) âˆ'$13.
C) +$7.
D) +$21.
Correct Answer:
Verified
Correct Answer:
Verified
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