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dupoyjohn134 dupoyjohn134
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5 years ago
Assume that a monopoly is producing at a profit-maximizing output level. If the firm's total fixed costs decrease, the firm

• increase its output level.

• should lower its price.

• should increase its price.

• should continue to produce at the same level.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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DryPhantomDryPhantom
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5 years ago
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