Marginal cost exceeds marginal revenue-maximizing monopolist

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Reference no: EM13832640

If marginal cost exceeds marginal revenue, a profit-maximizing monopolist will

A) attempt to maintain this position because it is consistent with profit maximization

B) raise price and expand output to increase profit

C) restrict output to increase the price even higher

D) lower price and expand output to increase profit

Reference no: EM13832640

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