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Author Question: The following diagram shows the situation of a profit-maximising monopolist.If the monopolist ... (Read 73 times)

deesands

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on: May 25, 2020
The following diagram shows the situation of a profit-maximising monopolist.



If the monopolist decided to switch to maximising total revenue rather than total profit, what effect would there be on price and output?
◦ Price would rise, and output would rise.
◦ Price would fall, and output would rise.
◦ Price would rise, and output would fall.
◦ Price would fall, and output would fall.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by deesands on May 25, 2020

Chou

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Reply #1 on: May 25, 2020
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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deesands

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

cdmart10

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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