A monopoly market is characterized by the inverse demand curve p = 1,200 – 40q and a constant marginal cost of $200. if the marginal cost of production rises to $400, the profit-maximizing output le

A monopoly market is characterized by the inverse demand curve p = 1,200 – 40q and a constant marginal cost of $200. if the marginal cost of production rises to $400, the profit-maximizing output level _____ units and the price rises by _____.