2. If a monopolist's marginal revenue is $45 a unit and its marginal cost is $45, then: a. To maximize profit the firm should decrease output. b. To maximize profit the firm should O continue to...


2. If a monopolist's marginal revenue is $45<br>a unit and its marginal cost is $45, then:<br>a. To maximize profit the firm should<br>decrease output.<br>b. To maximize profit the firm should<br>O continue to produce the output it is<br>producing.<br>c. To maximize profit the firm should<br>increase output.<br>d. Not enough information is given to say<br>what the firm should do to maximize profit.<br>

Extracted text: 2. If a monopolist's marginal revenue is $45 a unit and its marginal cost is $45, then: a. To maximize profit the firm should decrease output. b. To maximize profit the firm should O continue to produce the output it is producing. c. To maximize profit the firm should increase output. d. Not enough information is given to say what the firm should do to maximize profit.

Jun 10, 2022
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