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dbomb1 dbomb1
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7 months ago

Which of the following is characteristic of the monopoly firm?



▸

It produces the quantity of output at which marginal revenue equals marginal cost, MR = MC.



▸

It charges a price per unit for its product that is equal to marginal cost.



▸

It always earns a profit, because it is a single seller of a product.



▸

a and b



▸

a and c

Textbook 
Economics

Economics


Edition: 12th
Author:
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mr.pogimr.pogi
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7 months ago
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