Question: please answer Question 7 1 pts (Table: Prices and Demand for New York Rangers Signature Jerseys) Use Table: Prices and Demand for New York Rangers
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Question 7 1 pts (Table: Prices and Demand for New York Rangers Signature Jerseys) Use Table: Prices and Demand for New York Rangers Signature Jerseys. The New York Rangers have a monopoly on Rangers jerseys. The marginal cost of producing a jersey is $18. If the Rangers increase the number of jerseys they sell from four to ve, the price effect is a(n) in total revenue of Table: Price and Demand for New York - _ _ __ _ 0 increase; $20 0 decrease; $20 0 decrease; $8 0 increase; $8
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