Business, 20.04.2020 20:20 Rebelyfe4175
A monopoly is producing output so that the average total cost is $30, marginal revenue is $40, and the price is $50.
If ATC is at its minimum level and the ATC curve is U-shaped, to maximize profits, this firm should:
A) shut down.
B) increase output.
C) reduce output.
D) do nothing, it is already maximizing profits.
Answers: 2
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A monopoly is producing output so that the average total cost is $30, marginal revenue is $40, and t...
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