question archive Suppose an industry is monopolized, and the demand for the product sold by the firm is given by Q = 800 - 2P
Suppose an industry is monopolized, and the demand for the product sold by the firm is given by Q = 800 - 2P
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Suppose an industry is monopolized, and the demand for the product sold by the firm is given by Q = 800 - 2P. At what price range should the monopoly firm raise the price in order to increase revenues?
a. at prices greater than $200
b. at prices greater than $100
c. at prices greater than $400
d. at prices less than $200
e. at prices less than $100
f. at prices less than $400
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