Suppose a Single-Price Monopoly Sells 3 Units of a Good

question 14

Multiple Choice

Suppose a single-price monopoly sells 3 units of a good at $20 per unit.If the monopoly sells 4 units,the total revenue increases to $72.What price is being charged for 4 units?

• A) $52 each
• B) $18 each
• C) $60 each
• D) $12 each
• E) $20 each

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Definitions:

Behavioral Leadership Theories

The study of the observable actions and reactions of leaders, focusing on how effective leadership behavior can be learned and replicated.

Distinctive Actions

Specific, unique actions taken by individuals or organizations that set them apart from others.

Effective Leaders

Individuals who adeptly navigate complexities to drive team success and achieve organizational objectives through leadership.

Leadership Traits

Specific characteristics and qualities that are commonly found in effective leaders, such as integrity, decisiveness, and empathy.