Which of the following statements is correct?
a. If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit.
b. If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling fewer units at a higher price per unit.
c. When a monopolist produces where price equals the minimum of average total cost, it earns a positive economic profit.
d. If the monopolist is earning a positive economic profit, it must be producing where MR = MC.
a
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