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James is a monopolist. His company is at a price-quantity combination on the inelastic segment of its demand curve. To maximize profits, what should James

James is a monopolist. His company is at a price-quantity combination on the inelastic segment of its demand curve. To maximize profits, what should James do? Group of answer choices charge a higher price to some of his customers. No change in price and quantity sold. increase both price and quantity sold. charge a lower price for some customers. All the other answers are incorrect

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