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Suppose that Tintendo is a profit maximizing monopoly which produces tablets. Tintendo sells 500 units per day at a price of $1400.00 when it costs them $700.00 to manufacture each unit. If the government were to regulate this market and set the price at $ 1120, The profit for Tintendo would OIncrease ODecrease Ostay the same But the number of units sold would OIncrease to the benefit of the consumers OIncrease to the benefit of Tintendo ODecrease to the benefit of Tintendo ODecrease to the benefit of the consumers

Suppose that Tintendo is a profit maximizing monopoly which produces tablets. Tintendo sells 500 units per day at a price of $1400.00 when it costs them $700.00 to manufacture each unit. If the government were to regulate this market and set the price at $ 1120, The profit for Tintendo would OIncrease ODecrease Ostay the same But the number of units sold would OIncrease to the benefit of the consumers OIncrease to the benefit of Tintendo ODecrease to the benefit of Tintendo ODecrease to the benefit of the consumers

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Suppose that Tintendo is a profit maximizing monopoly which produces tablets. Tintendo sells 500 units per day at a price of $1400.00 when it costs them $700.00 to manufacture each unit. If the government were to regulate this market and set the price at $ 1120, The profit for Tintendo would OIncrease ODecrease OStay the same But the number of units sold would OIncrease to the benefit of the consumers OIncrease to the benefit of Tintendo ODecrease to the benefit of Tintendo ODecrease to the benefit of the consumers
Transcribed Image Text:Suppose that Tintendo is a profit maximizing monopoly which produces tablets. Tintendo sells 500 units per day at a price of $1400.00 when it costs them $700.00 to manufacture each unit. If the government were to regulate this market and set the price at $ 1120, The profit for Tintendo would OIncrease ODecrease OStay the same But the number of units sold would OIncrease to the benefit of the consumers OIncrease to the benefit of Tintendo ODecrease to the benefit of Tintendo ODecrease to the benefit of the consumers
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