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wrote...
Posts: 161
2 months ago
A profit-maximizing monopolist will receive zero profits when

• the average total cost curve is tangent to the demand curve at the profit maximizing price.

• marginal revenue, marginal cost, and average total cost are all equal.

• the average total cost curve lies above the demand curve for all possible rates of output.

• a second firm enters the industry.
Source  Download
Economics Today: The Micro View
Edition: 19th
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wrote...
Posts: 150
2 months ago
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the average total cost curve is tangent to the demand curve at the profit maximizing price.
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