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Monopoly Revenue
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Problem 9
Monopoly Revenue
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12. Monopoly / Monopoly Revenue / Problem 6
Problem 6
What is the output effect when a monopoly decreases its price?
A
The price per unit decreases, lowering revenue.
B
The quantity sold increases, raising revenue.
C
The price per unit increases, raising revenue.
D
The quantity sold decreases, lowering revenue.
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