When a Monopoly Increases Output by One Unit

question 40

Multiple Choice

When a monopoly increases output by one unit,

• A)the change in revenue equals market price.
• B)market price does not change.
• C)only that unit must be sold for less than other units.
• D)revenue for the firm decreases.
• E)less must be charged for all units of output.

---

Definitions:

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information, and also involved in speech, memory, and emotion.

Occipital

Referring to the occipital lobe of the brain, which is primarily responsible for vision.

Mozart

Wolfgang Amadeus Mozart, an influential and prolific Austrian composer of the Classical era, renowned for his symphonies, operas, and chamber music.

Beethoven

Beethoven was a German composer and pianist, a crucial figure in the transition between the Classical and Romantic eras in Western music.