If a monopolist produces beyond the quantity where MC = MR:
A. the increase in revenue exceeds the increase in cost.
B. total revenue exceeds total cost.
C. the increase in revenue is less than the increase in cost.
D. total revenue is less than total cost.
Answer: C
Economics
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With a monopolist's outcome, producer surplus is:
A. higher than that of a competitive market. B. lower than that of a competitive market. C. the same as that of a competitive market. D. Any of these is possible.
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Which of the following countries can reduce youth unemployment by adjusting its labor laws?
a. South Africa b. Spain c. India d. Greece
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