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A monopolist maximizes profits at the output at which

laywatdut

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7 months ago

A monopolist maximizes profits at the output at which

▸

total revenue is at its greatest, assuming that the firm has both fixed and variable costs.

▸

price equals marginal cost.

▸

price exceeds marginal cost by the greatest amount.

▸

none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

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sharonfaith31

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More solutions for this book are available here

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