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After the First Unit Sold,the Marginal Revenue a Monopolist Receives

Question 23

Multiple Choice

After the first unit sold,the marginal revenue a monopolist receives from selling one more unit of a good is less than the price of that unit because of:


A) diminishing marginal returns.
B) increasing marginal cost.
C) a downward-sloping demand curve.
D) declining average fixed cost.

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