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monopoly produces violins at a marginal cost of $8 per unit and zero fixed costs. It es an inverse demand function given by P =

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monopoly produces violins at a marginal cost of $8 per unit and zero fixed costs. It es an inverse demand function given by P = 38 - Q. Suppose fixed costs rise to DO. What will happen? The firm will decrease its output and lower its price. The firm continues to produce the same output and charge the same price. The firm will shut down immediately. The firm will increase the price

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