JaneDey0allany
JaneDey0allany JaneDey0allany
  • 28-04-2016
  • Business
contestada

Suppose a monopolist's costs and revenues are as follows: ATC = $50.00; MC = $45.00; MR = $40.00; P = $55.00. The firm should

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meerkat18
meerkat18 meerkat18
  • 03-05-2016
I encountered this question but it should have choices. The choices were

A) decrease output and increase price.

B) not change output or price.

C) increase output and decrease price.

D) shut down.


The firm should DECREASE OUTPUT AND INCREASE PRICE.

MC is greater than MR thus the need for decrease in output and increase in price. 


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