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Suppose That a Non-Discriminating Monopolist Lowers Its Price from $75

Question 58

Multiple Choice

Suppose that a non-discriminating monopolist lowers its price from $75 to $70 in order to sell more output.Marginal revenue will

A) equal $75
B) equal $70
C) be between $75 and $70
D) be less than $70
E) be greater than $75

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