Flower4104 Flower4104

15-02-2024
Business

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Consider a monopolist with a constant marginal cost of $1 per unit. The demand for the product has a choke price of $9. If the price was $4, the quantity demanded would be 5. What is the quantity demanded if the price is $9?
A) 1
B) 2
C) 3
D) 4

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