Suppose That a Pure Monopolist Can Sell 4 Units of Output

question 27

Multiple Choice

Suppose that a pure monopolist can sell 4 units of output at $2 per unit and 5 units at $1.75 per unit.The monopolist will produce and sell the fifth unit if its marginal cost is

• A)$1 or less.
• B)$.75 or less.
• C)$1.75 or less.
• D)$2 or less.

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Definitions:

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, etc., whether real or imagined.

Improperly

In a manner that is not suitable, correct, or appropriate according to standards or rules.

District Attorney

A public official who represents the government in the prosecution of criminal offenses within a specific judicial district.

Attorney General

The principal legal officer who represents a country or a state in legal matters and gives legal advice to the government.