Multiple Choice
When a perfectly competitive firm sells additional units of output, ________, and when a monopolist sells additional units of output, ________.
A) total revenue always rises; total revenue could rise, fall, or remain unchanged
B) total revenue does not change; total revenue rises
C) marginal revenue stays the same; marginal revenue rises
D) total revenue rises; total revenue falls
Correct Answer:
Verified
Correct Answer:
Verified
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