Question: Please answer both Question 8 For a monopolist, Not yet answered Marked out of 1.00 Select one: O a marginal revenue is less than price.

Please answer both Please answer both Question 8 For a monopolist, Not yet answered

Question 8 For a monopolist, Not yet answered Marked out of 1.00 Select one: O a marginal revenue is less than price. P Flag question O b. marginal revenue equals average revenue. O c. marginal revenue is greater than price. O d. marginal revenue equals price. A monopolist is producing at an output level at which MR - $50 and MC - $55. It could increase profits Question 1 Answer saved Marked out of 100 7 Remove flag Select one: a. by reducing output and by increasing price. b. by increasing both output and price. c by increasing output and by reducing price. d. by reducing both output and price. Clear my choice

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