Question
A monopolistic firm has a sales schedule such that it can sell 11 prefabricated garages per week at $1000 each, but if it restricts its
A monopolistic firm has a sales schedule such that it can sell 11 prefabricated garages per week at $1000 each, but if it restricts its output to 10 per week it can sell these at $1200 each. The marginal revenue of the 11th unit of sales per week is
Multiple Choice
- $1200.
- $1000.
- $-1000.
- $11000
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
