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Suppose That a Single- Price Monopolist Knows the Following Information

Question 12

Multiple Choice

Suppose that a single- price monopolist knows the following information:  Price  Quantity  TR  MR  Fixed Cost  TC  ATC  MC $10.001500$7.00$6000$5.00$5.00\begin{array} { | l | l | l | l | l | l | l | l | } \hline \text { Price } & \text { Quantity } & \text { TR } & \text { MR } & \text { Fixed Cost } & \text { TC } & \text { ATC } & \text { MC } \\\hline \$ 10.00 & 1500 & & \$ 7.00 & \$ 6000 & & \$ 5.00 & \$ 5.00 \\\hline\end{array}
The monopolist could maximize profits by


A) lowering price and increasing output.
B) raising price and leaving output unchanged.
C) lowering price and leaving output unchanged.
D) shutting down.
E) staying at the current price and output.

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