Business, 25.12.2021 04:00, abrown8483

A profit maximizing monopolist is charging a price of $100 and its constant marginal cost is $45. It invests $1 million to make its production process more efficient, so that marginal cost declines to $35. How should it change its pricing

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A profit maximizing monopolist is charging a price of $100 and its constant marginal cost is $45. It...