Multiple Choice
An unregulated monopolist could sell the first unit of output for $40.However,for each additional unit sold,the monopolist is forced to reduce the price by $2.
-Refer to the above information to answer this question.What is the value of the marginal revenue of the 7th unit?
A) $12.
B) $16.
C) $28.
D) $34.
E) $180.
Correct Answer:
Verified
Correct Answer:
Verified
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