Multiple Choice
If a monopolist's price is $50 per unit and its marginal cost is $25, then
A) to maximise profit the firm should increase output.
B) to maximise profit the firm should decrease output.
C) to maximise profit the firm should continue to produce the output it is producing.
D) Not enough information is given to say what the firm should do to maximise profit.
Correct Answer:
Verified
Correct Answer:
Verified
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