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At an Output Level of 100,a Monopolist Faces MC =

Question 104

Multiple Choice

At an output level of 100,a monopolist faces MC = 15 and MR = 17.At output level q = 101,the monopolist faces MC = 16 and MR = 15.To maximize profits,the firm


A) should produce 100 units.
B) should produce 101 units.
C) The firm cannot maximize profits.
D) The firm is not a monopoly.

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