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Decision making under monopoly.

For a monopolist, the following is given:

15,100 - units of output

$16.25 - per unit

$8.40 - marginal cost & rising

$9.20 - marginal revenue

$11.40 - average total cost

$10.15 - average variable cost

Elucidate what should the monopolist do?

  1. Shut down
  2. Decrease output
  3. Increase output - to reduce economic loss

Increase output - to increase positive profit

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M918183

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