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1 A firm sells a smartphone. At a price of $500, there is only one customer. At prices above $500, no one purchases the phone.
1 A firm sells a smartphone. At a price of $500, there is only one customer. At prices above $500, no one purchases the phone. What is the firm's marginal revenue at a price of $500? A.0 $0 B.0 $250 C.0 $500 D.0 $1000
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