At a Certain Level of Production,the Marginal Revenue and the Marginal

question 184

Multiple Choice

At a certain level of production,the marginal revenue and the marginal cost of a monopolist are $8 and $6,respectively.Which of the following statements is true in this context?

• A) The monopolist should expand production.
• B) The monopolist should contract production.
• C) The profits of the monopolist are maximized.
• D) The profits of the monopolist are minimized.

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