If the Demand Curve Facing a Monopoly Was 1 Unit

question 68

Multiple Choice

If the demand curve facing a monopoly was 1 unit at $7,2 units at $6,3 units at $5,4 units at $4,and 5 units at $3,the marginal revenue from selling the third unit of output:

• A) is $5.
• B) is $4.
• C) is $3
• D) is $1

---

Definitions:

Markdown

A reduction from the original or list price of a product, usually to boost sales or clear inventory.

Store Window

A display window in a shop showcasing items for sale or promotion to attract customers.

Dress Price

The pricing strategy specifically applied to clothing items, often considering factors such as brand, quality, and fashion trends.

Brand-Name Merchandise

Products that are marketed under a recognized, established company name, often representing quality, popularity, and market presence.