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Llanis Llanis
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6 years ago
At an output level of 100 a monopolist faces MC=15 and MR=17. At output level q=101 the monopolists MC=16 and MR=15. To maximize profits the firm       
A) should produce 100 units.
B) should produce 101 units.
C) cannot maximize profits.
D) is not a monopoly.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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