A Monopolist Can Sell 10 Wangdoodles If He Charges $10

question 67

Multiple Choice

A monopolist can sell 10 wangdoodles if he charges $10 per wangdoodle and 11 wangdoodles if he charges $9.The MR from selling the 11th wangdoodle is

• A)−$1.
• B)$1.
• C)$9.
• D)$99.

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Definitions:

Franchise Agreement

A legal contract between a franchisor and franchisee, outlining the terms and conditions for the operation of a franchise.

Parent Company

A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.

Business-Format Franchising

A franchising arrangement where the franchisee is given not just the rights to sell a product or service, but also the detailed method to conduct the business.

Product-Distribution

Product-distribution involves the process of making a product or service available for the consumer or business user that needs it, which can include warehousing, logistics, and retailing.