Question

D) Neither A nor B
22. A monopoly firm is in equilibrium at the output
level where
A) Marginal cost is less than marginal revenue
B) Marginal cost equals marginal revenue
C) Marginal cost is more than marginal revenu
D) None of the Above
24. An import quota causes
A) Increase in imports
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Answer 1

22.

Monopoly is in equilibrium where MC = MR.& at the equilibrium level MC is rising.