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QUESTION 1 If a monopolist's marginal revenue is $3.00 and its marginal cost is $4.50, it will increase its profits by 0 A, reducing output

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QUESTION 1 If a monopolist's marginal revenue is $3.00 and its marginal cost is $4.50, it will increase its profits by 0 A, reducing output and raising price 8 reducing both output and price C. increasing both price and output 0 D, raising price while keeping output unchanged

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