A nondiscriminating pure monopolist finds that it can sell its 50 th unit of output for $50. We can surmise that the marginal:
A. cost of the 50 th unit is also $50.
B. revenue of the 50 th unit is also $50.
C. revenue of the 50 th unit is less than $50.
D. revenue of the 50 th unit is greater than $50.
Answer: C
Economics
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