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f. Is the monopolist going to still produce or shutdown? Explain. Question 4 Assume you own an educational company and offer several educational services. For

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f." Is the monopolist going to still produce or shutdown? Explain. Question 4 Assume you own an educational company and offer several educational services. For one year, you change price for different services and record information about how many people buy your service. You thus gather information about the elasticity of demand. If you wish to raise as much as revenue as possible from your company, where will you decide to change the price: for the services that have inelastic demand or elastic or unit elastic? Explain your

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