If a Monopoly Lowers Its Price, Its

question 295

Multiple Choice

If a monopoly lowers its price, its

• A)total revenue must increase.
• B)total revenue must decrease.
• C)marginal revenue must increase.
• D)marginal revenue must decrease.

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Definitions:

Pre-eclampsia

In pregnancy, a complication arises with high blood pressure and manifestations of damage to other organ systems, with the liver and kidneys being commonly affected.

Diethylstilbestrol

Diethylstilbestrol (DES) is a synthetic form of estrogen that was once prescribed to prevent miscarriages, but was later found to cause cancer and other serious reproductive problems.

Teratogens

Agents or factors that cause malformation of an embryo or fetus, including certain drugs, infections, and chemicals.

Blastocyst

A structure formed in the early development of mammals, consisting of a cellular shell that encloses a cavity and a cluster of cells from which the embryo develops.