Suppose a monopoly can sell 1 unit for $20, or 2 units for $15 each. What is the marginal revenue of the 2nd unit?   Question 9 options:   $10   $0   $20, as this is the price when selling one unit   $15 as this is the price when selling 2 units

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A:

Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.