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Nursesn Nursesn
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A year ago
A monopolist will be earning positive economic profits

▸ when price equals marginal cost.

▸ when price exceeds average total cost.

▸ whenever marginal revenue equals marginal cost.

▸ at all times, since it controls the market.

▸ whenever marginal revenue is positive.
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Microeconomics

Microeconomics


Edition: 17th
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andre9119andre9119
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A year ago
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