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When a Monopolist Increases Output,total Revenue Will

Question 54
Multiple Choice

When a monopolist increases output,total revenue will: A) increase if the price effect outweighs the quantity effect. B) decrease if the quantity effect outweighs the price effect. C) increase if the quantity effect outweighs the price effect. D) increase but it will have no price effect.

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When a perfectly competitive firm increases output,total revenue: A) increases, because there is no price effect. B) decreases, because there is no price effect. C) increases, because there is no quantity effect. D) decreases, because there is no quantity effect.
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For a monopolist,marginal revenue for all units greater than 1 is: A) always equal to price. B) never less than price. C) always less than price. D) minimized at price.
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