A Monopolist Increased Output by 100 Units, but Cut Prices

question 63

Multiple Choice

A monopolist increased output by 100 units, but cut prices by$20 to sell this additional output at $1,000 per unit. What isTRUE about marginal revenue?

• A)MR totals $2,000
• B)MR totals $100,000
• C)MR totals -$2,000
• D)MR cannot be calculated with the information given.(True Answer )Correct

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