If a Monopolist Produces to a Point at Which Marginal

question 46

Multiple Choice

If a monopolist produces to a point at which marginal revenue is less than marginal cost then

• A) profits are being maximized.
• B) profits will always be negative.
• C) the incremental cost of producing the last unit exceeds the incremental revenue.
• D) the incremental cost of producing the last unit is less than the incremental revenue.

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