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Author Question: A monopolist ________ if it chooses to sell fewer units of output. (Read 120 times)

frankwu

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on: Apr 19, 2019

Question 1

XYZ Computer Company has a monopoly on the sale of a specialized color printer. If it sells two of these printers, its total revenue is $1,000 and if it sells three, its total revenue is $1,300. The marginal revenue of the third color printer sold is


◦ $100.
◦ $150.
◦ $300.
◦ $1,300.

Question 2

A monopolist ________ if it chooses to sell fewer units of output.


◦ can increase the price
◦ must decrease the price
◦ cannot change the price
◦ can set its price wherever it desires
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by frankwu on Apr 19, 2019

memslove

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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frankwu

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Reply #2 on: Apr 19, 2019
Thanks


memslove

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Reply #3 on: Apr 19, 2019
Welcome :)


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