A monopolist faces the demand function P = 100 - Q + I, where I is average

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A monopolist faces the demand function P = 100 - Q + I, where I is average consumer income in the monopolist's market. Suppose we know that the monopolist's marginal cost function is not downward sloping. If consumer income goes up, will the monopolist charge a higher price, a lower price, or the same price?
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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