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Business, 26.11.2021 17:10 colemanjosiah03

After completing the game and studying the results, the basic winning strategy to maximize profits in the monopoly market in the short-run is to: A. Restrict production and keep price at the highest level possible.
B. Keep price low and maximize growth in the market, as long as price exceeds average total costs.
C. Change price and production so that demand is equal to production.
D. Lower price and increase production if the marginal revenues exceed marginal costs; or raise price and cut production if marginal cost exceeds marginal revenues.
E. Set production to minimize average total costs, and set price so that demand is equal to supply.

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