Assume That at a Given Output a Monopolist's Marginal Revenue

question 138

Multiple Choice

Assume that at a given output a monopolist's marginal revenue is $25 and its marginal cost is $18.If the monopolist increases output,then

• A)price,marginal cost,and total profit will fall.
• B)price will fall,marginal cost will rise,and total profit will rise.
• C)price will rise,marginal cost will fall,and total profit will rise.
• D)price,marginal cost,and total profit will rise.

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