Monopoly increase its per-period total profits

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Reference no: EM131101545

In which of the following cases would a monopoly increase its per-period total profits by raising price and reducing output:

a) if it were producing a level of output such that MC < MR

b) if it were producing a level of output such that MC > MR

c) if it were producing a level of output such that MC = MR

d) none of the above

Reference no: EM131101545

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