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mbowdish mbowdish
wrote...
Posts: 470
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5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
economic profit could be increased by producing less.
mbowdish Author
wrote...
5 years ago
Thanks
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