Question: A monopolist is producing at an output level at which ATC = $55 P = $65, MC = $45, and MR = $35. We can

A monopolist is producing at an output level at which ATC

A monopolist is producing at an output level at which ATC = $55 P = $65, MC = $45, and MR = $35. We can conclude that Select one: O a. the firm is earning $10 in economic profits. O b. economic profit could be increased by producing more. O c economic profit cannot be increased. O d. economic profit could be increased by producing less

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