Each time the monopolist sells another unit of output, the total revenue increases by

a. the price of the last unit sold.
b. more than the price of the last unit sold.
c. less than the price of the last unit sold.
d. the price of the first unit sold.



c. less than the price of the last unit sold.

Economics

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What will be an ideal response?

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a. True b. False Indicate whether the statement is true or false

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