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If the current price charged by a monopolist is $5 and marginal cost is $3, then increasing output will always lead to an increase in profit as P>MC.
Unofficial Contributor
Describes someone who contributes to a project, work, or cause without receiving official recognition or status.
Homemaking
The management and maintenance of a household and its daily needs.
Family Business
A commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage, who are closely involved in the management of the business.
Child Care
The care, supervision, and guidance of children by a person other than the child's legal guardians.
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