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Indy has a local monopoly in the selling of hats. He can sell 20 hats at $204 each, but if he restricts his output to
Indy has a local monopoly in the selling of hats. He can sell 20 hats at $204 each, but if he restricts his output to 19 per week, he can sell his hats at $210 each. The marginal revenue of the 20th hat per week is Multiple Choice $204. $90. $210. $90
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International Economics
Authors: Dennis Appleyard, Alfred Field
8th Edition
978-0078021671, 0078021677
