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DragoxCM16 DragoxCM16
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5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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Mtoney9Mtoney9
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#1
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5 years ago
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DragoxCM16 Author
wrote...

5 years ago
Good timing, thanks!
erimis
wrote...

Yesterday
this is exactly what I needed
fxinternational
wrote...

2 hours ago
Thanks for your help!!
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