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wrote...
Posts: 174
2 months ago
If a monopolist produces to a point at which marginal revenue is greater than marginal cost then

• the incremental cost of producing the last unit is less than the incremental revenue.

• the incremental cost of producing the last unit exceeds the incremental revenue.

• profits are being maximized.

• profits will always be negative.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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wrote...
2 months ago
the incremental cost of producing the last unit is less than the incremental revenue.
wrote...
2 months ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
Do What Makes You Come Alive
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