Profit maximization consultant specializing in monopolies

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Reference no: EM13944064

You are a self-employed profit-maximization consultant specializing in monopolies. Five single-price, 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 be right.

Reference no: EM13944064

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