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When a monopolist increases output, total revenue will: Multiple Choice increase if the price effect outweighs the quantity effect. decrease if the quantity effect outweighs the price effect. increase if the quantity effect outweighs the price effect. increase but it will have no price effect.

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User Kitze
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1 Answer

5 votes

Answer: will increase if the quantity effect outweighs the price effect

Step-by-step explanation:

A monopolist is an individual or a firm that controls all the market for a certain good or service in the market. A monopolist has so much power and usually doesn't improve their product as there are no alternatives.

An increase in output by monopolist will increase if the quantity effect outweighs the price effect.

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User Martinjbaker
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