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Sally owns the only cake shop in town (she is a monopolist). at a quantity of five cakes, the marginal cost of producing one more cake is $12, while the marginal revenue from selling one more cake is $10. in order for sally to maximize profits, should she increase or decrease output? should she increase or decrease prices?
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Business, 22.06.2019 01:50, Kana81
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Sally owns the only cake shop in town (she is a monopolist). at a quantity of five cakes, the margin...
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