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Home Q & A Board Other Fields Homework Help Business Economics
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gorgeous gorgeous
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4 years ago
United Utilities has a monopoly over local water supply in particular area. If it is producing where marginal revenue is less than marginal cost

▸ it is maximising profits.

▸ it must be making a loss.

▸ it could increase profits by increasing output.

▸ it could increase profits by reducing output.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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ShayT0923ShayT0923
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Just got PERFECT on my quiz
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