Answer :
Final answer:
Monopolists can boost sales by lowering prices strategically to navigate the downward-sloping demand curve and increase quantity without substantial revenue loss.
Explanation:
A monopolist can increase sales by charging a lower price. This strategy allows the monopolist to sell more quantity while recognizing that a downward-sloping demand curve dictates a trade-off between price and quantity.
By reducing the price, the monopolist can move along the demand curve to a point where it can increase sales without losing revenue.
Increasing sales for a monopolist involves understanding the dynamics of marginal revenue, total revenue, and the need to set prices strategically within a market of limited competition.
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