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Suppose that at the current level of production, the price of a monopolist's product is equal to $37.50 per unit. Marginal revenue is equal to
Suppose that at the current level of production, the price of a monopolist's product is equal to $37.50 per unit. Marginal revenue is equal to $5per unit, and marginal cost is equal to $15per unit. This monopoly
Choose one:
A.can increase its profit by producing and sellingfewerunits of its product.
B.can increase its profit by producing and sellingmoreunits of its product.
C.should set price equal to marginal revenue.
D.has maximized profit and should keep production the same.
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