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Jake's Beats, a new headphone company, operates as a monopoly. It sells 50 million headphones each year. Jake's analytic's department believe that if it dropped
Jake's Beats, a new headphone company, operates as a monopoly. It sells 50 million headphones each year. Jake's analytic's department believe that if it dropped prices by 30% the company's profits would fall. This result suggests that, at the new output where prices are 30% lower: What is the correct answer A. MC=MR B. MC is lower than MR C. MC is higher than MR
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