hich of the following is NOT true of the monopolist?   Question 11 options:   a)  the intersection of marginal cost and marginal revenue determines the profit maximizing quantity   b)  the socially efficient quantity is found where the demand curve and the marginal cost curve intersect    c)  a monopolist charges a price above its marginal cost    d)  its supply curve tells us the quantity that firms choose to produce at any given price

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Product and Price Bundling

Product and price bundling is used as a marketing strategy by businesses, where complementary products and services are combined and sold as a package deal. This bundled price is usually less than the total price of the individual products if they were to be sold separately. When bundled and sold, each product is sold at a reduced price. Using a price bundling strategy helps increase the average revenue per user and also increases the engagement with the user. This happens as the perceived value of the bundled products is more than the individual products.