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Producing at the output where marginal cost

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Reference no: EM132243900

A monopoly firm is producing at the output where marginal cost equals $6, marginal revenue equals $9, and average variable cost equals $5. To maximize profits, the firm should:

a. ?decrease output, keeping price constant.

b.? decrease both output and price.

c. ?increase output but decrease the price.

d.? decrease output and increase the price.

e.? increase both output and price.

Reference no: EM132243900

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