Question: If a monopolist is producing a quantity where marginal revenue is equal to $125 and the marginal cost is equal to $125 which is the
If a monopolist is producing a quantity where marginal revenue is equal to $125 and the marginal cost is equal to $125 which is the price of the good, the monopolist should
a. Produce the same quantity but increase the price
b. Produce more at a higher price
c. Produce less at the same price?
a. Produce the same quantity but increase the price
b. Produce more at a higher price
c. Produce less at the same price?
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