If a monopolist's marginal revenue is $15 per unit and its marginal cost is $25, then to maximise profit the firm should decrease output.

Name: If a monopolist's marginal revenue is $15 per unit and its marginal cost is $25, then to maximise profit the firm should decrease output.
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To maximize profit, a monopolist should produce until marginal revenue (MR) equals marginal cost (MC). If MR ($15) is less than MC ($25), the firm can increase profit by reducing output, which lowers costs more than revenue.

If a Monopolist's Marginal Revenue Is $15 Per Unit and Its