If a Monopolist Wishes to Increase Its Output and Quantity

question 160

Multiple Choice

If a monopolist wishes to increase its output and quantity sold

• A) it must reduce its price, so its marginal revenue is greater than its price.
• B) it must reduce its price, so its marginal revenue is less than its price.
• C) it must raise its price, so its marginal revenue is greater than its price.
• D) it must raise its price, so its marginal revenue is less than its price.

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Definitions:

Counterfeiting

The act of making an imitation of an item, especially with the intent to deceive or defraud, by passing off the fake item as genuine or original.

Inauthentic

Lacking genuineness or sincerity, often applied to actions, products, or statements that do not reflect true intentions or values.

Authenticity

The truthfulness of origins, attributions, commitments, sincerity, devotion, and intentions of a brand or entity.

Gray Markets

A marketplace where products are sold through unauthorized channels, which, while not illegal, are unofficial and unauthorized by the original manufacturer.