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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 86 times)

a0266361136

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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


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Sassygurl126

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


a0266361136

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

fatboyy09

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Reply 3 on: Yesterday
Excellent

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