If a monopolist's price is $50 per unit and its marginal cost is $25, then
A)to maximize profit the firm should increase output.
B)to maximize profit the firm should decrease output.
C)to maximize profit the firm should continue to produce the output it is producing.
D)Not enough information is given to say what the firm should do to maximize profit.

Question

Quizplus · Accepted Answer

The Answer of If a monopolist's price is $50 per unit and its marginal cost is $25, then
A)to maximize profit the firm should increase output.
B)to maximize profit the firm should decrease output.
C)to maximize profit the firm should continue to produce the output it is producing.
D)Not enough information is given to say what the firm should do to maximize profit.

If a Monopolist's Price Is $50 Per Unit and Its