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Author Question: When a monopolist sells two units of output per period of time its total revenue is 150. When a ... (Read 35 times)

@Brianna17

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Question 1

For a monopolist to sell more units of output without increasing advertising
◦ the price of the output must be increased.
◦ demand must become more elastic.
◦ the other competing firms must sell fewer units.
◦ the price of the output must be reduced.

Question 2

When a monopolist sells two units of output per period of time its total revenue is £150. When a monopolist sells three units of output its total revenue, is £210. When the monopolist sells three units of output, the price per unit is
◦ £72.
◦ £60.
◦ £20.
◦ £70.


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Marked as best answer by @Brianna17 on May 25, 2020

juiceman1987

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@Brianna17

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review


Viet Thy

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Reply 3 on: Yesterday
Wow, this really help

 

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