Author Question: A monopolist can sell 20 units a week at a price of 10 per unit. To sell 21 units a week, it would ... (Read 130 times)

a0266361136 · **on:** Jun 30, 2018

A monopolist can sell 20 units a week at a price of 10 per unit. To sell 21 units a week, it would have to lower its price to 9 per unit. The marginal revenue of the 21st unit would be:
a. 9.
b. -11.
c. -12.
d. -20.

Question 2

Protecting infant industries from foreign competition may make sense, but only until the industry matures.
a. True
b. False
Indicate whether the statement is true or false