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Suppose a Monopolist's Costs and Revenues Are as Follows: ATC

Question 180

Multiple Choice

Suppose a monopolist's costs and revenues are as follows: ATC = $50; MC = $40; MR = $45; P = $55. The firm should


A) increase output and decrease price.
B) decrease output and increase price.
C) not change output or price.
D) shut down.

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