31. Suppose a monopolist’s costs and revenues are as follows: ATC = $45.00; MC = $35.00; MR = $35.00; P = $45.00. The firm should increase output and decrease price. shut down. decrease output and increase price. not change output or price.

31. Suppose a monopolist’s costs and revenues are as follows: ATC = $45.00; MC = $35.00; MR = $35.00; P = $45.00. The firm should
increase output and decrease price.
shut down.
decrease output and increase price.
not change output or price.

find the cost of your paper