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TABLE 10- 1 -If a Single- Price Monopoly Is Presently Producing an Output

question 43

Multiple Choice

TABLE 10- 1 $\begin{array} { | l | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} \\\hline \$ 8 & 5 \\\hline \$ 7 & 6 \\\hline \$ 6 & 7 \\\hline \$ 5 & 8 \\\hline \$ 4 & 9 \\\hline \$ 3 & 10 \\\hline \$ 2 & 11 \\\hline\end{array}$ $TABLE 10- 1 \begin{array} { | l | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity } \\ \text { Demanded } \end{array} \\ \hline \$ 8 & 5 \\ \hline \$ 7 & 6 \\ \hline \$ 6 & 7 \\ \hline \$ 5 & 8 \\ \hline \$ 4 & 9 \\ \hline \$ 3 & 10 \\ \hline \$ 2 & 11 \\ \hline \end{array} -If a single- price monopoly is presently producing an output at which marginal revenue is less than marginal cost,it can increase its profits by A) reducing output and raising prices. B) expanding output and raising price. C) reducing output and holding prices unchanged. D) expanding output and lowering price. E) reducing barriers to entry.$
-If a single- price monopoly is presently producing an output at which marginal revenue is less than marginal cost,it can increase its profits by

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