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Which of the following statements is true about revenue when a monopoly increases the quantity it produces? Group of answer choices The output effect tends
Which of the following statements is true about revenue when a monopoly increases the quantity it produces? Group of answer choices The output effect tends to increase revenue and the price effect tends to decrease revenue. Both the output effect and the price effect tend to decrease revenue. Both the output effect and the price effect tend to increase revenue. The output effect tends to decrease revenue and the price effect tends to increase revenue. None of the above
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