If a Monopolist Can Sell 7 Units When the Price

question 467

Multiple Choice

If a monopolist can sell 7 units when the price is $4 and 8 units when the price is $3, then the marginal revenue of selling the eighth unit is equal to

• A)$3.
• B)$4.
• C)$24.
• D)-$4.

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Definitions:

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