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A Monopolist Faces a Linear,downward-Sloping Demand Curve

Question 62

Multiple Choice

A monopolist faces a linear,downward-sloping demand curve.If the slope of the demand curve is 1 and the monopolist can sell one unit of output at a price of $10,what is the total revenue from selling the fourth unit of output?


A) $28
B) $20
C) $34
D) $7

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