If a Monopolist Were to Discover That at His Current

question 106

Multiple Choice

If a monopolist were to discover that at his current output level,marginal revenue is $13 and marginal cost is $20,then he

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

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