When a Monopoly Increases Its Output and Sales,what Is the Impact

question 212

Multiple Choice

When a monopoly increases its output and sales,what is the impact of the output effect and the price effect on total revenue

• A)Both the output effect and the price effect work to increase total revenue.
• B)The output effect works to increase total revenue, and the price effect works to decrease total revenue.
• C)The output effect works to decrease total revenue, and the price effect works to increase total revenue.
• D)Both the output effect and the price effect work to decrease total revenue.

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