If a firm holds a pure monopoly in the market and is able to sell 4 units of output at $2.00 per unit and 5 units of output at $1.75 per unit, it will produce and sell the fifth unit if its marginal cost is
A. $1.75 or less
B. $2.00 or less
C. $0.75 or less
D. $1.00 or less
Answer:C
If a firm holds a pure monopoly in the market and is able to sell 4 units of output at $2.00 per unit and 5 units of output at $1.75 per unit, it will produce and sell the fifth unit if its marginal cost is
A. $1.75 or less B. $2.00 or less C. $0.75 or less D. $1.00 or less
Explanation: 49. __________________ law implies ownership over an idea or concept or image