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    Principles of Microeconomics Study Set 10
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    Exam 15: Monopoly
  5. Question
    Table 15-8 the Following Table Provides Information on the Price, Quantity, and Quantity
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Table 15-8 the Following Table Provides Information on the Price, Quantity, and Quantity

Question 529

Question 529

Multiple Choice

Table 15-8
The following table provides information on the price, quantity, and average total cost for a monopoly. Table 15-8 The following table provides information on the price, quantity, and average total cost for a monopoly.   -Refer to Table 15-8. How much extra revenue does the monopolist earn when he lowers the price from $18 to $12? A) $10 B) $12 C) $30 D) $41
-Refer to Table 15-8. How much extra revenue does the monopolist earn when he lowers the price from $18 to $12?


A) $10
B) $12
C) $30
D) $41

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