At a Price of $10, the Marginal Revenue of a Monopolist

question 132

Multiple Choice

At a price of $10, the marginal revenue of a monopolist is $6. If the marginal cost of production is $8, what should the monopolist do in order to maximize profits?

• A)Increase its price.
• B)Decrease its price.
• C)Keep its price at the same level.
• D)not enough information to solve

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