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Figure 15-2 the Figure Below Illustrates the Cost and Revenue Structure for Structure

Question 82

Multiple Choice

Figure 15-2
The figure below illustrates the cost and revenue structure for a monopoly firm.
Figure 15-2 The figure below illustrates the cost and revenue structure for a monopoly firm. -Refer to Figure 15-2.If the monopoly firm is currently producing Q₃ units of output,then a decrease in output will necessarily cause profit to A) remain unchanged. B) decrease. C) increase as long as the new level of output is at least Q₂. D) increase as long as the new level of output is at least Q₁.
-Refer to Figure 15-2.If the monopoly firm is currently producing Q₃ units of output,then a decrease in output will necessarily cause profit to


A) remain unchanged.
B) decrease.
C) increase as long as the new level of output is at least Q₂.
D) increase as long as the new level of output is at least Q₁.

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