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Plaex Building Systems Inc., a startup firm based in Hampstead, New Brunswick, is a monopolist selling eight units of its output at a price of
Plaex Building Systems Inc., a startup firm based in Hampstead, New Brunswick, is a monopolist selling eight units of its output at a price of $20. If the marginal revenue of the ninth unit is $2, then the Multiple Choice O firm's demand curve is perfectly elastic price of the ninth unit is $18. price of the ninth unit is $19. price of the ninth unit is greater than $20 firm's demand curve cannot be specified
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