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Title: For a monopoly firm, marginal revenue equals marginal cost at 100 units (of output). At 100 units, ... Post by: James Paul on Oct 1, 2023 For a monopoly firm, marginal revenue equals marginal cost at 100 units (of output). At 100 units, price is above marginal cost. It follows that the monopoly firm ▸ earns profits. ▸ takes losses. ▸ faces some close substitutes for its product. ▸ faces no substitutes for its product. ▸ is not resource-allocative efficient. Title: Re: For a monopoly firm, marginal revenue equals marginal cost at 100 units (of output). At 100 units, ... Post by: jpinette86 on Oct 1, 2023 Content hidden
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