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In a Small Town, Marilyn's Christmas Tree Lot Has a Monopoly

Question 80

Multiple Choice

In a small town, Marilyn's Christmas Tree Lot has a monopoly on sales of Christmas trees. In order to increase her sales from 100 trees to 101 trees, she must drop the price of all of her trees from $20 to $19. What is the marginal revenue?


A) $2000
B) $20
C) $19
D) negative $81

Correct Answer:

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