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2 Suppose that when a monopolistic car manufacturer raised its prices, it lost half of its customer base, but reported higher profits than before. Which
2 Suppose that when a monopolistic car manufacturer raised its prices, it lost half of its customer base, but reported higher profits than before. Which of the following can be concluded? ...A.0 Consumer willingness to pay decreased...B.0 The demand curve was upward sloping...C.0 The firm was originally pricing where marginal revenue was greater than marginal cost...D.0 The firm was originally pricing where marginal revenue was lower than marginal cost
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