Figure 15-4 -Refer to Figure 15-4. If the Monopoly Firm Is Currently

Multiple Choice

Figure 15-4
-Refer to Figure 15-4. If the monopoly firm is currently producing Q4 units of output, then a decrease in output will necessarily cause profit to

A) remain unchanged.
B) decrease.
C) increase as long as the new level of output is at least Q2.
D) None of the above is correct. The monopolist currently maximizing profits at Q4.