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Author Question: Suppose a single-price monopolist calculates that at its present output, marginal revenue is $2 and ... (Read 108 times)

petersan

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on: Oct 12, 2022
Suppose a single-price monopolist calculates that at its present output, marginal revenue is $2 and marginal cost is $1. If the price of the product is $3, the monopolist could maximize its profits by
◦ shutting down.
◦ lowering price and leaving output unchanged.
◦ lowering price and raising output.
◦ raising price and leaving output unchanged.
◦ doing nothing.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by petersan on Oct 12, 2022

aublw

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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petersan

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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