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When a simple monopolist - no price discrimination - chooses to sell an additional unit of a good or service... a.marginal revenue will be equal
When a simple monopolist - no price discrimination - chooses to sell an additional unit of a good or service...
a.marginal revenue will be equal to the going market price.
b.marginalrevenue will always be negative.
c.itwill have to lower its price on the additional unit and on all other units.
d.itwill only have to lower its price on the additional unit.
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