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Brooke Rewis
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Monopolistically competitive firms are unable to affect the market price of their output, but are able to control the price of their own output.
On May 14, 2024
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True
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Suppose that a pure monopolist can sell 20 units of output at $10 per unit and 21 units at $9.75 per unit.The marginal revenue of the 21
st
unit of output is:
A) $9.75.
B) $204.75.
C) $4.75.
D) $.25.
On May 13, 2024
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C
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