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What price is being charged for 4 units

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Reference no: EM132229462

Suppose a single-price monopolist sells 3 units of a good at $20 per unit. If the monopoly sells an additional unit, the incremental revenue is $12. What price is being charged for 4 units?

  • $60 each
  • $52 each
  • $20 each
  • $18 each
  • $12 each

Reference no: EM132229462

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