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

question 43

Multiple Choice

TABLE 10- 1 $$\begin{array} { | l | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} \\\hline \$ 8 & 5 \\\hline \$ 7 & 6 \\\hline \$ 6 & 7 \\\hline \$ 5 & 8 \\\hline \$ 4 & 9 \\\hline \$ 3 & 10 \\\hline \$ 2 & 11 \\\hline\end{array}$$
-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.

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