In order to sell more output units, what must a monopoly do?
A) reduce output price
B) reduce input price
C) increase output price
D) increase input price

Name: In order to sell more output units, what must a monopoly do? A) reduce output price B) reduce input price C) increase output price D) increase input price
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Question

Quizplus · Accepted Answer

To sell more output units, a monopoly must reduce the output price to make its products more attractive to consumers, thereby increasing demand.

In Order to Sell More Output Units, What Must a Monopoly