(Solved by Humans)-Ameritech has a monopoly over local telephone service. If
Question
Ameritech? has a monopoly over local telephone service. If Ameritech? is producing where marginal revenue is less than marginal cost, the firm
| could increase profits by reducing output. |
| could increase profits by increasing output. |
| is maximizing profits. |
| must be earning a zero profit. |
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