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tree51 tree51
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5 years ago
A monopolist spent $450 in TV commercials. Such advertisement changed the monopolist inverse demand curve from p = 40 - q to p = 50 - q. The monopolist marginal cost is $4 and it has no fixed cost. The TV commercials
A) decreased the monopolist's revenue.
B) decreased the monopolist's profit.
C) increased the monopolist's profit.
D) did not affect the monopolist's profit.
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Microeconomics

Microeconomics


Edition: 8th
Author:
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Paigegalvan96Paigegalvan96
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#1
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5 years ago
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tree51 Author
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5 years ago
Correct Slight Smile TY
Chaldoren
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Yesterday
Smart ... Thanks!
carston
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2 hours ago
Good timing, thanks!
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