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The Figure Below Illustrates the Cost and Revenue Structure for a Monopoly

Question 187

Multiple Choice

The figure below illustrates the cost and revenue structure for a monopoly firm.
Figure 11-17
The figure below illustrates the cost and revenue structure for a monopoly firm. Figure 11-17 -Refer to Figure 11-17.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 11-17.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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