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A monopolist is currently producing a level of output where Price = $110; Marginal Revenue = $10; Quantity = 100; Total Cost = $15,000; Marginal Cost = $10; Total Fixed Cost = $4,000. 

 To maximize profits in the short-run, the monopolist should: 

(a) Increase output 
(b) Decrease output 
(c) Produce the same output 
(d) Shut down 
(e) None of the above 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9104835

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