question archive A pure monopolist is selling 7 units at a price of $12
A pure monopolist is selling 7 units at a price of $12
Subject:MarketingPrice:2.88 Bought3
A pure monopolist is selling 7 units at a price of $12. If the marginal revenue of the 8th unit is $4, then the price of the 8th unit is:
a. $10
b. $4
c. $11
d. greater than $12
