Lowering price and increasing output

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Reference no: EM131101454

In which of the following cases would a monopoly increase its per-period total profits by lowering price and increasing output:

A. if it were producing a level of output such that MC < MR

B. if it were producing a level of output such that MC > MR

C. if it were producing a level of output such that MC = MR

D. none of the above

Reference no: EM131101454

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