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If the De Beers diamond monopoly lowers the price of a diamond from $800 to $750 and sales increase from four to five diamonds, the
If the De Beers diamond monopoly lowers the price of a diamond from $800 to $750 and sales increase from four to five diamonds, the marginal revenue of the fifth diamond is: less than $750. equal to $750. greater than $750 but less than $800. greater than $800
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Principles of Microeconomics
Authors: N. Gregory Mankiw
8th edition
1305971493, 978-1305971493
