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If a firm holds a pure monopoly in the market and is able to sell 5 units of output at $4.00 per unit and 6
If a firm holds a pure monopoly in the market and is able to sell 5 units of output at $4.00 per unit and 6 units of output at $3.90 per unit, it will produce and sell the sixth unit of its marginal cost is?
a) $3.40 or less b) $3.90 or less c) $3.50 or less d) $4.00 or less
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