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Suppose that the reservation price for the 1000th unit is greater than the marginal cost of the 1000th unit. Which of the following is correct?

Suppose that the reservation price for the 1000th unit is greater than the marginal cost of the 1000th unit. Which of the following is correct?

a. The equilibrium quantity is greater than the 1000th unit

b. The equilibrium quantity is 1000th unit

c. The equilibrium quantity is less than 1000th unit

d. The equilibrium quantity could be greater or less than 1000 unit. It cannot be determined given the information

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