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NegativePanda NegativePanda
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5 years ago
A monopolist finds the output (Q*) rate that maximizes profit. It finds the price by
A) taking the height of the marginal revenue curve at output rate Q*.
B) taking the height of the marginal cost curve at output rate Q*.
C) taking the height of the demand curve at output rate Q*.
D) setting price equal to marginal cost.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
 C
NegativePanda Author
wrote...
5 years ago
Good timing, thanks!
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