Multiple Choice
Refer to the accompanying table,which represents the costs and production for a monopolist,to answer the following questions.
-When a monopolist lowers a price from $80 to $70,the quantity that the firm is able to sell increases from 100 to 150.The change in revenue associated with the price effect is equal to
A) $3,500.
B) -$3,500.
C) $1,000.
D) -$1,000.
E) $4,000.
Correct Answer:

Verified
Correct Answer:
Verified
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