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A monopolist knows that supplying 13 units of its product to its market instead of 12 units will cause the market price of every unit it sells to drop by $2. The marginal revenue generated for the monopolist by the 13in unit of its product is $6. What is the market-clearing price for the monopolist's product when 13 units are supplied to the market?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9447577

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