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Q. |
Marginal revenue for a monopolist is equal to |
A. | the increased revenue from the sale of an additional unit less the loss of revenue from selling previous units at a lower price |
B. | the change in revenue resulting from a one unit change in output |
C. | the change in revenue divided by the change in output |
D. | all of the above are applicable |
Answer» D. all of the above are applicable |
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