The Figures Given Below Represent the Revenue Curves of a Monopolist.Figure

Multiple Choice

The figures given below represent the revenue curves of a monopolist.Figure 11.2
TR: Total revenue curve
AR: Average revenue curve
MR: Marginal revenue curve
-If a monopolist is producing at a point at which marginal revenue is greater than marginal cost, then it should:

A) continue producing at the current level.
B) raise its prices.
C) lower its prices.
D) increase the level of production.
E) decrease the level of production.