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A Monopolist Facing a Downward-Sloping Demand Curve Finds That His

Question 194

Multiple Choice

A monopolist facing a downward-sloping demand curve finds that his marginal cost is constant at $10 and his marginal revenue is zero.This monopolist should


A) reduce production.
B) increase production.
C) leave production unchanged.
D) reduce the production cost further.
E) decrease price.

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