A monopolist is currently producing an output level where price equals marginal cost, and profits are positive. In order to maximize profits, this monopolist should

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Answer

increase production and reduce price.

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decrease production and increase price.

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shut down.

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reduce price and let production adjust to the new price.

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not change his output level, because he is currently earning profits.

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A monopolist is currently producing an output level where price equals marginal ...

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