If a Non-Discriminating Monopolist Decides to Lower Its Price to Sell

question 117

Multiple Choice

If a non-discriminating monopolist decides to lower its price to sell one more unit of its product,then

• A)total revenue rises by an amount equal to the price
• B)some revenue is lost to the extent that units previously sold at a higher price now sell for a lower price;however,the additional unit sold brings in new revenue
• C)marginal revenue increases when total revenue increases
• D)the net effect on total revenue is typically zero since the price must fall
• E)the net effect on total revenue is typically negative since the price must fall

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Economic Development

The process of improving the economic well-being and quality of life of a community or nation, often through industrial, social, and infrastructural enhancements.

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Industrial Policy

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