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Business, 08.04.2021 22:10 TamB01

At its present output a monopolist determines that its marginal cost is $18 and its marginal revenue is $21. The monopolist will maximize profits or minimize losses by: decreasing price and increasing output. decreasing price and increasing output. decreasing both price and output. decreasing both price and output. increasing both price and output. increasing both price and output. keep both price and output unchanged. keep both price and output unchanged. increasing price while keeping output constant.

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