A single- price monopolist is currently producing an output level where P = $20,MR = $13,ATC = $15,and MC = $14.In order to maximize profits,this monopolist should
A) shut down.
B) decrease production and increase price.
C) not change the output level,because the firm is currently at the profit- maximizing output level.
D) increase production and reduce price.
E) There is insufficient information to make a recommendation.
Correct Answer:
Verified
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