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Title: When a monopolist sells two units of output its total revenue is $600. When a monopolist sells three ...
Post by: chomtong on Jun 27, 2017
When a monopolist sells two units of output its total revenue is $600. When a monopolist sells three units of output its total revenue is $630. In order to sell three units of output instead of only two, the monopolist must
A) make no change in price and increase output by one unit.
B) decrease its price by $90 per unit.
C) decrease its price by $30 per unit.
D) increase its price by $30 per unit.


Title: Re: When a monopolist sells two units of output its total revenue is $600. When a monopolist sells ...
Post by: Akshtsaklani21 on Jun 27, 2017
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