In 1999, a judge declared that Microsoft was a monopolist.Assuming that it is maximizing its profits at its current level of output, we may conclude that if Microsoft were to increase its price, its total revenue would:
A.rise.
B.
fall.
C.remain unchanged.
D.There is insufficient information to make a determination.

Question

Quizplus · Accepted Answer

The Answer of In 1999, a judge declared that Microsoft was a monopolist.Assuming that it is maximizing its profits at its current level of output, we may conclude that if Microsoft were to increase its price, its total revenue would:
A.rise.
B.
fall.
C.remain unchanged.
D.There is insufficient information to make a determination.

In 1999, a Judge Declared That Microsoft Was a Monopolist