A Single-Price Monopolist Sets a Price of $35 and Is

question 100

Multiple Choice

A single-price monopolist sets a price of $35 and is selling more than one unit of the product.Which of the following is true?

• A) The average cost of that unit must be $35.
• B) The marginal cost of that unit must be $35.
• C) The marginal revenue of that unit must be $35.
• D) The marginal revenue of that unit must be less than $35.

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