Question

You are a self- employed profit- maximization consultant specializing in monopolies. Five single-prices, profit- maximizing monopolies are currently seeking your advice, and although the information they have supplied to you is incomplete, your expert knowledge allows you to go back and make a definite recommendation in each case. Select one of the following recommendations for each firm in the short run:
a. Remain at the current output level.
b. Increase output.
c. Reduce output.
d. Shut down.
e. Go back and recalculate your figures because the ones supplied can’t possibly beright.


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  • CreatedDecember 12, 2014
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