Question

In 1999, a judge declared that Microsoft was a monopolist. Assuming that Microsoft has a linear demand curve and that it is maximizing its profits at its current level of output, we may conclude that if Microsoft were to increase its price, its total revenue would:
A) rise.
B) fall.
C) remain unchanged.
D) there is insufficient information to make a determination.

Answer 1

Answer:

B) fall

Explanation:

if Microsoft were to increase its price, its total revenue would fall