asked 126k views
2 votes
In 1999, a judge declared that Microsoft was a monopolist. Assuming that Microsoft has a linear demand curve and that it is maximizing its profits at its current level of output, we may conclude that if Microsoft were to increase its price, its total revenue would:

A) rise.
B) fall.
C) remain unchanged.
D) there is insufficient information to make a determination.

1 Answer

3 votes

Answer:

B) fall

Step-by-step explanation:

if Microsoft were to increase its price, its total revenue would fall

answered
User Sharon Ben Asher
by
7.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.