duffpeggyPduff3253 duffpeggyPduff3253
  • 22-07-2022
  • Business
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For a monopolist to sell an output level of 10 units, the price must be $8. MR at this output level will be Multiple Choice > $8 and < $16. < $8. > $16. = $8.

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Parrain
Parrain Parrain
  • 26-07-2022

Based on the selling price for the monopolist, the MR at this level will be <$8.

What is the marginal revenue for Monopolists?

In order to sell more goods, a monopoly has to reduce its prices. However, this price must always be higher than the marginal revenue.

This means that if the price in this case is $8, the marginal revenue will have to be less than $8:

= <$8

Find out more on monopoly pricing at https://brainly.com/question/13113415

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