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A pure monopolist is selling twenty units at a price of $100. If the marginal revenue of the 21st unit is $16, then the Multiple
A pure monopolist is selling twenty units at a price of $100. If the marginal revenue of the 21st unit is $16, then the Multiple Choice price of the 21st unit is $99. price of the 21st unit is greater than $100. firm's demand curve is perfectly elastic. price of the 21st unit is $96
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
