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Answer to Question #49367 in Microeconomics for Cortney
Question #49367
Assuming that the market demand curve does not shift (i.e., there are no changes in the determinants of demand), the monopolist that practices uniform pricing:
Expert's answer
The right answer is d.
d) must lower price if it wants to sell more units of output versus fewer units of output.
d) must lower price if it wants to sell more units of output versus fewer units of output.
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