If a Monopolist Knows That at His Current Output Level,marginal

question 142

Multiple Choice

If a monopolist knows that at his current output level,marginal revenue is $8 and marginal cost is $8,then he

• A) must be earning a profit.
• B) is maximizing profit.
• C) must be earning a loss.
• D) needs to raise price.
• E) needs to reduce output.

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