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Home Q & A Board Other Fields Homework Help Business Economics
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PaulKet PaulKet
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Posts: 488
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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 monopolist faces MC = 16 and MR = 15. To maximize profits, the firm
A) should produce 100 units.
B) should produce 101 units.
C) The firm cannot maximize profits.
D) The firm is not a monopoly.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 54 times
2 Replies
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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wrote...
#1
6 years ago
A
PaulKet Author
wrote...
#2
5 years ago
Smiling Face with Open Mouth Yay, got perfect on my quiz
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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