To maximize profits in the long-run

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Reference no: EM13200710

A monopolist is currently producing a level of output where Price = $110; Marginal Revenue = $10; Quantity = 100; Total Cost = $15,000; Marginal Cost = $10; Total Fixed Cost = $4,000.

To maximize profits in the long-run, the monopolist should:

(a) Increase output and remain open
(b) Decrease output and remain open
(c) Produce the same output and remain open
(d) Shut down
(e) None of the above

Reference no: EM13200710

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