If a monopolist's marginal revenue is $25 and its marginal cost is $19, then the monopolist should:
A)raise its price.
B)increase its output.
C)leave its output and price unchanged.
D)decrease its output.

Question

Quizplus · Accepted Answer

If marginal revenue is greater than marginal cost, then the monopolist should increase its output until marginal cost and marginal revenue are equal.

If a Monopolist's Marginal Revenue Is $25 and Its Marginal