A monopolist can boost up his revenue by

a

adjusting both price and output upward

b

reducing total output to match price

c

increasing price

d

reducing price

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Explanation

Correct Option
b

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Discussions (2)

NOTABENE2021
4 years ago

the monopolist can increase his total revenue by transferring his product from the market that has lower marginal revenue to the market that has higher marginal revenue.

segzian
5 months ago

(reducing the price) D is the answer

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