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A single-price monopolist is currently producing an output level where price equals marginal cost, ...

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A single-price monopolist is currently producing an output level where price equals marginal cost, ...

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

Edition: 17^th

Author: Ragan

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cassandra_dan Author

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Good timing, thanks!

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