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Suppose That a Monopolist Was Selling 20 Units at $50

Question 122

Multiple Choice

Suppose that a monopolist was selling 20 units at $50 each but has now reduced the price to $48 and is now selling 21 units.What is the monopolist's marginal revenue?


A) $8.
B) $48.
C) $50.
D) $1,000.

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