Monopolist wishes to increase its output and quantity sold

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Reference no: EM131109804

If a monopolist wishes to increase its output and quantity sold

it must reduce its price, so its marginal revenue is less than its price.

it must reduce its price, so its marginal revenue is greater than its price.

it must raise its price, so its marginal revenue is greater than its price.

it must raise its price, so its marginal revenue is less than its price.

Reference no: EM131109804

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