Figure 15-14 -Refer to Figure 15-14. If the Monopoly Operates at an Operates

question 271

Multiple Choice

Figure 15-14
-Refer to Figure 15-14. If the monopoly operates at an output level less than Q0, then an increase in output toward (but not exceeding) Q0 would

• A)raise the price and raise total surplus.
• B)lower the price and raise total surplus.
• C)raise the price and lower total surplus.
• D)lower the price and lower total surplus.

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