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Economics

Suppose a monopolist is producing a level of output such that MR>MC. What should the firm do to maximize its profits?

A) The firm should increase output.

B) The firm should do nothing it wants to maximize the difference between MR and MC in order to maximize its profits.

C) The firm should increase price.

D) The firm should hire less labor.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91232112

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