MC Qu. 12-156 (Algo) Suppose that a monopolist calculates...

Suppose that a monopolist calculates that at its present output level, marginal revenue is $4.50 and marginal cost is $2.75. It could maximize profits or minimize losses by

Multiple Choice

• decreasing price and leaving output unchanged.
• decreasing price and increasing output.
• increasing price and decreasing output.
• decreasing output and leaving price unchanged.