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9. The figure below shows the demand schedule and demand curve for a product produced by a single price monopolist. Quantity Plice (S) Demanded g
9. The figure below shows the demand schedule and demand curve for a product produced by a single price monopolist. Quantity Plice (S) Demanded g 6 ., 8 9 l l 123456'-89101l12 Quantity FIGURE 8 - 2 Refer to Figure 8 2. Suppose this single price monopolist is initially selling 5 units at $8 each and then reduces the price ofthe product to $5. By ma king this change, the rm is giving up revenue of on the original number of units sold and gaining revenue of on the additional units sold. Its marginal revenue is therefore .(All figures are dollars.) A. S; 7; 2 B. 8; 6; 2 C. 14; 14;0 D. 10; 12:2 E. 38; 4o; 2
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