A monopolist is currently producing a level of output where Price = $110; Marginal Revenue = $10; Quantity = 100; Total Cost = $15,000; Marginal Cost = $10; Total Fixed Cost = $4,000.
To maximize profits in the short-run, the monopolist should:
(a) Increase output
(b) Decrease output
(c) Produce the same output
(d) Shut down
(e) None of the above