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Tidy Tidy
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9 years ago
If a monopolist's marginal revenue is $25 a unit and its marginal cost is $25, then
A) to maximize profit the firm should increase output.
B) to maximize profit the firm should decrease output.
C) to maximize profit the firm should continue to produce the output it is producing.
D) Not enough information is given to say what the firm should do to maximize profit.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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VincenzoDVincenzoD
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9 years ago
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Tidy Author
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9 years ago
Thank you, thank you, thank you!
jamesbove
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
smdavis
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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