If a Monopolist Can Sell 7 Units When the Price

question 47

Multiple Choice

If a monopolist can sell 7 units when the price is €3 and 8 units when the price is €2, then marginal revenue of selling the eighth unit is equal to

• A) €2.
• B) €3.
• C) €16.
• D) €-5.

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Definitions:

Objects

Physical items that can be seen and touched.

Self-Fulfilling Prophecy

A phenomenon where a belief or expectation, whether correct or not, influences the outcome in a way that confirms the belief.

Expectations

Anticipated outcomes or behaviors in a given situation.

Behavior

The actions or reactions of an individual or group, often in response to their environment.