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Author Question: If a monopolist decides to charge a higher price for its product, it will yield: A) a lower ... (Read 48 times)

khang

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  • Posts: 569
on: Jun 29, 2018
If a monopolist decides to charge a higher price for its product, it will yield:
 
  A) a lower revenue per unit sold but a higher number of units sold.
  B) a lower revenue per unit sold and a lower number of units sold.
  C) a higher revenue per unit sold but a lower number of units sold.
  D) a higher revenue per unit sold and a higher number of units sold.

Question 2

Along a straight line, the value of y is always equal to the value of x. The slope of the line is
 
  A) -1.
  B) 0.
  C) 1.
  D) infinite.


whitcassie

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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