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Business, 13.12.2019 18:31 shorty1619

When a monopoly increases its output and sales,

a. both the output effect and the price effect work to increase total revenue.
b. the output effect works to decrease total revenue and the price effect works to increase total revenue.
c. both the output effect and the price effect work to decrease total revenue.
d. the output effect works to increase total revenue and the price effect works to decrease total revenue.

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When a monopoly increases its output and sales,

a. both the output effect and the price...

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