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Suppose a monopolist is at the profit-maximizing output level and if the monopolist reduces output, then?

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Kritika Krishnakumar
Kritika KrishnakumarLv10
3 Nov 2020
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Related questions

Suppose a monopolist is at the profit-maximizing output level. If the monopolist sells another unit of output, then:
 
A. both producer and consumer surplus increase.
 
B. producer surplus falls but consumer surplus rises.
 
C. both producer and consumer surplus decrease.
 
D. producer surplus rises but consumer surplus falls.
At the profit maximizing level of output for a monopolist, P>MC and MR=MC. Why?
 

6. Which one of the following statements is correct for a profit-maximizing monopolist operating a single production facility with a linear Total Cost function? the monopolist can set both price and output, each independently of the other the monopolist will maximize profits along the inelastic part of the average revenue curve if fixed costs increase, then the monopolist would increase price and reduce output if fixed costs increase, then the monopolist would reduce price and increase output if household incomes increased and the monopolist produced a normal good, then the monopolist's price and output would both increase. * c)

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