Hi Phi Sound Unlimited Has a Monopoly Over the Installation

question 193

Multiple Choice

Hi Phi Sound Unlimited has a monopoly over the installation of surround sound systems. Hi Phi Unlimitedʹs total revenue from installing 20 sound systems is $30,000 and its total revenue from installing 21 sound systems is $33,800. The price of the 21st sound system is ________ the marginal revenue of that system.

• A) equal to
• B) greater than
• C) less than
• D) indeterminate from the given information

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Definitions:

Boundary Activities

Actions taken to manage and negotiate the limits and interfaces between different roles, groups, or organizations, often to facilitate cooperation or protect autonomy.

Team Innovation

The process by which novel ideas, products, or solutions are generated through collaborative efforts within a team.

Organizational Effectiveness

Refers to how efficiently and effectively an organization meets its goals and satisfies its stakeholders.

Structural Holes

refer to gaps between nodes in social networks, where the absence of direct ties between two parts of a network can create opportunities for information brokerage.