Assuming No Change in Product Demand, a Pure Monopolist

question 224

Multiple Choice

Assuming no change in product demand, a pure monopolist

• A)can increase price and increase sales simultaneously because it dominates the market.
• B)adds an amount to total revenue that is equal to the price of incremental sales.
• C)should produce in the range where marginal revenue is negative.
• D)must lower price to increase sales.

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