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Suppose a Monopolist Was Charging a Price of $120 for Its

Question 99

Multiple Choice

Suppose a monopolist was charging a price of $120 for its product and was selling 80 units.If it lowers its price to $119 and,as a result,sells 81 units what is the marginal revenue for the product?


A) 0.
B) $1.
C) $39.
D) $9,639.

Correct Answer:

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