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Question
| P | Q | MR | MC |
| $7 | 20 | $12 | $2 |
| $6 | 21 | $14 | $5 |
| $5 | 22 | $16 | $10 |
| $4 | 23 | $18 | $15 |
| $3 | 24 | $20 | $20 |
| $2 | 25 | $22 | $26 |
If a monopolist is producing the quantity at which price equals marginal cost, it should
A) continue to produce this amount if it wants to maximize profits.
B) reduce output if it wants to maximize profits.
C) reduce price and keep output unchanged if it wants to maximize profits.
D) increase output if it wants to maximize profits.
Answer
This answer is hidden. It contains 1 characters.
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