When a Monopolist Increases the Number of Units It Sells

question 350

Multiple Choice

When a monopolist increases the number of units it sells, there are two effects on revenue. They are the

• A)demand effect and the supply effect.
• B)competition effect and the cost effect.
• C)competitive effect and the monopoly effect.
• D)output effect and the price effect.

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Definitions:

Opening

An entrance or aperture in a structure that provides access or allows the passage of objects, fluids, or light.

Region

An area or division, especially part of a country or the world having definable characteristics but not always fixed boundaries.

Pelvis

The lower part of the torso, enclosed by the pelvic bones and containing reproductive and urinary organs.

Vulva

The external female genital organs, including the labia majora, labia minora, clitoris, and vaginal opening.