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cassandra_dan cassandra_dan
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A year ago
A single-price monopolist is currently producing an output level where price equals marginal cost, and profits are positive. In order to maximize profits, this monopolist should

▸ not change his output level, because he is currently earning profits.

▸ produce zero output.

▸ decrease production and increase price.

▸ reduce price and let production adjust to the new price.

▸ increase production and reduce price.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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bcyberbcyber
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A year ago
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