If a Monopolist Could Sell 5 Units at $6 and 6

question 148

Multiple Choice

If a monopolist could sell 5 units at $6 and 6 units at $5:

• A) marginal revenue for the 6^th unit is $5.
• B) marginal revenue for the 6^th unit is zero.
• C) demand is unit elastic over that range of prices.
• D) both (b) and (c) are true.

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