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When a monopolist sells two units of output its total revenues are $100. When the monopolist sells three units of output, its price per unit is $35. The monopolist's marginal revenue from selling the third unit of output is
Fiedler's Contingency Theory
A leadership model proposing that effective leadership is dependent on the match between a leader's style and the demands of the situation.
Path-Goal Theory
A leadership theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates, and that it should align with the employees' goals.
Leadership Style
The approach and technique adopted by a leader to guide, influence, and lead a group towards achieving its goals.
Achievement-Oriented Leadership
A leadership style focused on setting challenging goals and seeking continuous improvement in team performance.
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