Question
A monopolistic firm can sell 10 units per week at $10,000 each but if it restricts its output to 9 per week, it can sell
A monopolistic firm can sell 10 units per week at $10,000 each but if it restricts its output to 9 per week, it can sell them at $11,000 each. The marginal revenue of the tenth unit of sales per week is?
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Essentials of Economics
Authors: Bradley Schiller, Karen Gebhardt
10th edition
125923570X, 978-1259235702
