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QUESTION
A monopolist can sell 7 units per day at $7 per unit or 8 units per day at $6 per unit. Its marginal revenue for the eighth unit of output is:
- A monopolist can sell 7 units per day at $7 per unit or 8 units per day at $6 per unit. Its marginal revenue for the eighth unit of output is:
- a.$6.b.$7.c.$48.d.$1.e.−$1.
2 points
