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grayskunk564Lv1
11 Dec 2019
Because a monopolist must lower its price in order to sell another unit of output,
A. marginal revenue is less than price.
B. long-term economic profits will be zero.
C. total revenue increases as price increases.
D. average revenue is less than price.
Because a monopolist must lower its price in order to sell another unit of output,
A. marginal revenue is less than price.
B. long-term economic profits will be zero.
C. total revenue increases as price increases.
D. average revenue is less than price.
Divya SinghLv10
16 Oct 2020
