question archive A monopoly is producing a level of output at which price is $80, average total cost is $100, and average fixed cost is $10

A monopoly is producing a level of output at which price is $80, average total cost is $100, and average fixed cost is $10

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A monopoly is producing a level of output at which price is $80, average total cost is $100, and average fixed cost is $10. In order to maximize profit, the firm should:

a) produce more

b) keep output the same

c) produce less

d) shut down

Option 1

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Option 2

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