If a monopolist is producing a quantity where marginal revenue is equal to $16 and the marginal cost is equal to $17, the monopolist should ________… | Cheap Nursing Papers

If a monopolist is producing a quantity where marginal revenue is equal to $16 and the marginal cost is equal to $17, the monopolist should ________…

increase production and lower the price

decrease production and increase the price

continue producing at the current price

increase production and increase the price

decrease production and decrease the price

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