Which of the Following Statements Is TRUE

question 68

Multiple Choice

Which of the following statements is TRUE?

• A)If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling
• More units at a lower price per unit.
• B)If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling
• Fewer units at a higher price per unit.
• C)When a monopolist produces where MR = MC it always earns a positive economic profit
• D)A monopolist is guaranteed monopoly profits.

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