At a price of $20, the marginal revenue of a monopolist is $12. If the marginal cost of production is $10, what should the monopolist do in order to maximize profits?
A)Increase its price.
B)Decrease its price.
C)Keep its price at the same level.
D)not enough information to solve

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The Answer of At a price of $20, the marginal revenue of a monopolist is $12. If the marginal cost of production is $10, what should the monopolist do in order to maximize profits?
A)Increase its price.
B)Decrease its price.
C)Keep its price at the same level.
D)not enough information to solve

At a Price of $20, the Marginal Revenue of a Monopolist