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If a monopolist produces to a point at which marginal revenue is less than marginal cost then: a. the firm is maximizing profits. b.

If a monopolist produces to a point at which marginal revenue is less than marginal cost then: a. the firm is maximizing profits. b. we do not know if the firm should increase or reduce without more information. c. the firm should increase output. d. the firm should reduce output.

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