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Other Fields Homework Help Economics Topic started by: PaulKet on Nov 12, 2017



Title: At an output level of 100, a monopolist faces MC = 15 and MR = 17. At output level q = 101, the ...
Post by: PaulKet on Nov 12, 2017
At an output level of 100, a monopolist faces MC = 15 and MR = 17. At output level q = 101, the monopolist faces MC = 16 and MR = 15. To maximize profits, the firm
A) should produce 100 units.
B) should produce 101 units.
C) The firm cannot maximize profits.
D) The firm is not a monopoly.


Title: Re: At an output level of 100, a monopolist faces MC = 15 and MR = 17. At output level q = 101, the ...
Post by: desperado2 on Nov 12, 2017
A


Title: Re: At an output level of 100, a monopolist faces MC = 15 and MR = 17. At output level q = 101, the ...
Post by: PaulKet on Aug 13, 2018
:D Yay, got perfect on my quiz