Business, 22.07.2019 18:10 yeontan

Which of the following statements is correct? a. if the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling fewer units at a higher price per unit. b. if the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit. c. if the monopolist is earning a positive economic profit, it must be producing where mr equals mc. d. when a monopolist produces where price equals the minimum of average total cost, it earns a positive economic profit.

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