'Suppose when a monopolist produces 82 units its average revenue is S10 per unit; its marginal revenue is S7 per unit, its marginal cost is $4 per unit, and its average total cost is $2 per unit_ What can we conclude about this monopolist?
The monopolist is currently maximizing profits, and its total profits are S375_ The monopolist is currently maximizing profits, and its total profits are S300. The monopolist is not currently maximizing profits; it should produce more units and charge a lower price to maximize profits. The monopolist is not currently maximizing profits; it should produce fewer units and charge a higher price to maximize profits.'
