In order to see more output a monopoly must __________ the _________ of its good.
A)increase; marginal revenue
B)increase; producer's surplus
C)decrease; price
D)decrease; consumer's surplus

Question

Quizplus · Accepted Answer

In order to see more output, a monopoly must decrease the price of its good. This is because a lower price can stimulate demand, leading to an increase in the quantity sold.

In Order to See More Output a Monopoly Must __________