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    68- Profit Maximization/Monopolies

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    A profit-maximizing monopolist finds that at the present level of output, marginal revenue equals $10 and marginal cost is $14. The price for this output has been determined from the demand curve. What action should the monopolist take to increase profits?

    a. reduce price and increase output
    b. reduce price and output
    c. increase price and output.
    d. increase output and reduce price
    e. increase price and reduce output

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    https://brainmass.com/economics/monopolies/profit-maximization-monopolies-20957

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    A profit-maximizing monopolist finds that at the present level of output, marginal revenue equals $10 and marginal cost is $14. The price for this output has ...

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    The expert examines profit maximization monopolies.

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