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GarryVolchara [31]
3 years ago
6

Suppose a monopolist is producing a level of output such that MR > MC. What should the firm do to maximize its profits?

Business
1 answer:
NemiM [27]3 years ago
6 0

Answer:

d. The firm should increase output.

Explanation:

In the case when the monopolist wants to generate the output level in such a way when the marginal revenue is more than the marginal cost so if the firm wants to maximize its profit so it should have to increase the output as the marginal revenue would begins to reduce and it is equivalent to the marginal cost i.e. become significant in order to maximize the profit

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