Consider the following statements. 1. One way the government can induce a monopolist to expand his output is by imposing a price ceiling that make the monopolist lower his price. 2. MC = MR = AC = AR shows the equilibrium position of the competitive firm. 3. One way the government can induce a monopolist to expand his output by imposing a price floor that makes the monopolist raise his price. 4. One way the government can induce a monopolist to expand his output by imposing a specific tax on the monopolist output. Which of the statement(s) given above is/are correct?

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