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The Graph Shown Represents the Cost and Revenue Curves Faced

Question 38

Multiple Choice

The graph shown represents the cost and revenue curves faced by a monopoly. The graph shown represents the cost and revenue curves faced by a monopoly. If 120 units are being produced, the monopolist: A) could increase profits by decreasing production. B) is maximizing its profits. C) is earning negative profits. D) could increase profits by increasing production. If 120 units are being produced, the monopolist:


A) could increase profits by decreasing production.
B) is maximizing its profits.
C) is earning negative profits.
D) could increase profits by increasing production.

Correct Answer:

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