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Home Q & A Board Other Fields Homework Help Business Economics
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Biggie_smalls Biggie_smalls
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5 years ago
If a monopolist produces to a point at which marginal revenue is less than marginal cost then
A) profits are being maximized.
B) profits will always be negative.
C) the incremental cost of producing the last unit exceeds the incremental revenue.
D) the incremental cost of producing the last unit is less than the incremental revenue.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 63 times
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DanivaldaDanivalda
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5 years ago
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Biggie_smalls Author
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#2
5 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
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#3
5 years ago
That helps more than you thinks, thanks for being so thoughtful
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