If the monopolist is producing where marginal revenue exceeds marginal cost, then the monopolist should ___________ to maximize profits.

Name: If the monopolist is producing where marginal revenue exceeds marginal cost, then the monopolist should ___________ to maximize profits.
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Question

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To maximize profits, a monopolist should produce until marginal revenue equals marginal cost. If marginal revenue exceeds marginal cost, producing more will increase profits until MR equals MC.

If the Monopolist Is Producing Where Marginal Revenue Exceeds Marginal