Currently a monopolists mr 5 and its mc 10 and it, Ask an Expert

Economics

Currently a monopolist's MR = $5 and its MC = $10 and it services 10 consumers. An 11th consumer walks in. Should the company service her?

Select one:

a. Yes, mr > mc, so it should service her.

b. Yes, mr < mc, so it should service her.

c. No, mr > mc, so it should not service her.

d. No, mr < mc, so it should not service her.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91274676

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