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A single-price monopolist is currently producing an output level where P = $20, MR = $13, ATC = $15, and MC = $14. In order

A single-price monopolist is currently producing an output level whereP= $20,MR= $13,ATC= $15, andMC= $14. In order to maximize profits, this monopolist should

A)

decrease production and increase price.

B)

not change the output level, because the firm is currently at the profit-maximizing output level.

C)

increase production and reduce price.

D)

produce zero output.

E)

There is insufficient information to make a recommendation.

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