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Economics

Suppose a monopolist is at the profit-maximizing output level. If the monopolist sells another unit of output:

a. both producer surplus and consumer surplus increase.

b. producer surplus falls but consumer surplus rises.

c. both producer surplus and consumer surplus decrease.

d. producer surplus rises but consumer surplus falls.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236804

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