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A Monopolist Increased Output by 100 Units, but Cut Prices

Question 51

Multiple Choice

A monopolist increased output by 100 units, but cut prices by$20 to sell this additional output at $1,000 per unit. What isTRUE about marginal revenue?


A) MR totals $2,000
B) MR totals $100,000
C) MR totals -$2,000
D) MR cannot be calculated with the information given.(True Answer ) Correct

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