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Using the information from the previous question, what should the monopolist do in the short run with respect to price if FC increases by $1,000?
Using the information from the previous question, what should the monopolist do in the short run with respect to price if FC increases by $1,000?
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Increase the price to cover increased fixed costs.
Continue charging the same price as before (no change).
Stop selling any output immediately.
Decrease the price to sell more units.
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