When a Monopolist Sells Two Units of Output Its Total

question 87

Multiple Choice

When a monopolist sells two units of output its total revenues are $100. When the monopolist sells three units of output its total revenues are $120. When the monopolist sells three units of output, the price per unit is

• A) $6.67.
• B) $20.
• C) $33.33.
• D) $40.

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Definitions:

Two-way Interaction

Two-way interaction is a communication model that involves a reciprocal exchange of information or feedback between parties.

Employee Relations Team

A group within an organization responsible for maintaining positive relationships between the employer and its employees, addressing concerns, and resolving conflicts.

Organizational Change

Refers to the process through which a company or organization alters its structures, strategies, operational methods, technologies, or organizational culture.

Corporate Culture

Beliefs and behaviors that determine how a company’s employees and management interact as well as handle outside business transactions.