A competitive industry hires 1000 workers. the 1000th, Ask an Expert

Economics

A competitive industry hires 1000 workers. The 1000th worker adds $500 a week to their employers revenue. If a monopoly took over the industry the 1000th worker would likely

A. Add less than $500 a week to revenue
B. Add 500/week to revenue
C. Add more than 500/week to revenue
D. Uncertain

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M941751

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