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A certain monopolist has a positive marginal cost of production. Despite this fact, the monopolist decides...

A certain monopolist has a positive marginal cost of production. Despite this fact, the monopolist decides to produce a quantity of output that maximizes total revenues. Assume that the marginal revenue curve for this monopolist always has a negative slope. Then the monopolist

Group of answer choices

is minimizing its profits.

produces less output than it would if it maximized profits.

produces the same output that it would if it maximized profits.

produces an output where marginal revenue is strictly less than 1.

produces more output than it would if it were maximizing profits.

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Ans) the correct option is produces more output than it would if it were maximizing profits.

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