What would result from a reduction in a monopolist's fixed costs? a. The profit-maximizing price would decrease and the profit-maximizing quantity produced would not change. b. The profit-maximizing price would increase, and the profit-maximizing quantity produced would not change. c. The profit-maximizing price would decrease, and the profit-maximizing quantity produced would increase. d. The profit-maximizing price would increase, and the profit- maximizing quantity produced would decrease. When the government creates a monopoly, what may the social loss include? a. falling marginal cost b. lost producer surplus C. the cost of maintaining its monopoly position d. high monopoly profits What does the supply curve for a product represent? 34 answer: source: objective: a. private cost b. social cost C. social value d. private value