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A Single-Price Monopoly Can Sell 10 Units of Its Product

Question 168

Multiple Choice

A single-price monopoly can sell 10 units of its product at a price of $45 each but to sell 11 units,the monopoly must cut the price to $44.What is the marginal revenue of the extra unit sold?


A) $484
B) $450
C) $44
D) $34
E) -$1

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