Asked by Andrew
When a monopolist increases sales by one unit
a)more low priced sales caused negative marginal
b)every other unit must be sold at a lower price
c)gains some revenue from selling the extra unit
D)loses some revenue and all of the above
a)more low priced sales caused negative marginal
b)every other unit must be sold at a lower price
c)gains some revenue from selling the extra unit
D)loses some revenue and all of the above
Answers
Answered by
Reed
Since your question says nothing about the price of the unit to the purchaser, your answer is C. If the monopolist was undercutting competitors so as to gain market share, the answer might be different.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.