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wrote...
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2 weeks ago
A monopolist is producing at an output level at which ATC = $5, P = $6, MC = $4, and MR = $3. We can conclude that

• economic profit could be increased by producing less.

• economic profit could be increased by producing more.

• the firm is earning $10 in economic profits.

• economic profit cannot be increased.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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wrote...
2 weeks ago
economic profit could be increased by producing less.
wrote...
2 weeks ago
Thanks
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