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if the marginal revenue is higher than marginal cost the monopoly can increase profit by

Sagot :

Itzcandygirl

Answer:

If the marginal revenue exceeds the marginal cost, then the firm can increase profit by producing one more unit of output. For example, at an output of 4 in Figure 3, marginal revenue is 600 and marginal cost is 250, so producing this unit will clearly add to overall profits.

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