In the following situation, what should the monopolist do to maximize profit? Select the best answer.

A monopolist is currently producing a level of output such that marginal revenue is$136and marginal cost is$85

The monopolist then sets a price based on demand for the current level of output.

In the following situation, what should the monopolist do to maximize profit? Select the best answer. A monopolist is currently producing a level of output such that marginal revenue is $136 and marginal cost is $85. The monopolist then sets a price based on demand for the current level of output. Answer 2Points E Keypad Keyboard Shortcuts O The monopolist should increase output and decrease price. 0 The monopolist should increase output and increase price. Prev Next 0 The monopolist should decrease output and decrease price. 0 The monopolist should decrease output and increase price