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A single-price monopolist sets its price for good X at $25 and is selling more than one unit of good X. Which of the following
A single-price monopolist sets its price for good X at $25 and is selling more than one unit of good X. Which of the following must be true?
a) The marginal revenue of that unit must be $25.
b) The marginal revenue of that unit must be less than $25
c) The average cost of that unit must be $25.
d) The marginal cost of that unit must be $25.
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