For a single- price monopolist to sell one more unit of a good, it must
A) raise the price on all units sold.
B) lower the price on just the last unit sold.
C) raise the price on just the last unit sold.
D) lower the price on all units sold.

Question

Quizplus · Accepted Answer

To sell one more unit of a good, a single-price monopolist must lower the price on all units sold, because the price is uniform for all units.

For a Single- Price Monopolist to Sell One More Unit