Assume That at a Given Level of Output, a Monopoly

question 224

Multiple Choice

Assume that at a given level of output, a monopoly firm has marginal revenue of $9, its average total cost is $9, and marginal cost is $7. If this firm were to increase its production by one unit, then its profit will

• A) increase.
• B) remain the same.
• C) decrease.
• D) change but cannot be determined without additional information.

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