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A company with a monopoly in their market recently lost one of its most productive employees. Because of this loss the company's marginal and average
A company with a monopoly in their market recently lost one of its most productive employees. Because of this loss the company's marginal and average total costs increased by $100 per unit. As a result of this change, the company now needs to adjust the selling price of their product to continue to maximize profits. With these new prices, we could expect the company's production to: Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a increase. b decrease. c not change
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