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aleksandr82 [10.1K]
3 years ago
7

The Procter & Gamble Company is a major producer of bar soaps. In fact, Procter & Gamble produces Ivory,Camay, Lava, Saf

eguard, Zest, and Coast bar soaps that all claim a variety of benefits. These products are part ofProcter & Gamble's __________ in bar soaps.A. product mix.B. product concentration.C. product store.D. product line.
Business
1 answer:
tresset_1 [31]3 years ago
3 0

Answer:D Product line

Explanation: A product line is the variety of related products that has the same uses and produced by a particular manufacturer.  Product line is a part of the product mix.

Product line is a strategy used by a manufacturer to keep its consumers by manufacturing closely related product for the same use by consumers.

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The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407)  How a monopolist maximizes profits

How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?

The monopolist will select the profit-maximizing level of output where

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and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.

How a monopolist maximizes profits

 Because Chuck, a sole commercial airplane operator in small isolated town, has no  competition, he has complete control of market price of air travel in his small tone

 Reduced price → increase in ticket sales

 Monopoly maximizes profit by choosing an amount of profit in which marginal revenue  equals marginal cost (MR= MC)  Since Chuck must reduce his price to sell more units, he has an incentive to sell a  smaller quantity than a perfective competitive company

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