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Loraine Loraine
wrote...
Posts: 4563
9 years ago
To maximize its profit, a single-price monopoly produces the amount of output so that its marginal revenue
A) equals zero.
B) equals its marginal cost.
C) exceeds its marginal cost but not necessarily by as much as possible.
D) is less than its marginal cost.
E) exceeds its marginal cost by as much as possible.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 251 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Posts: 5500
9 years ago
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9 years ago
You're welcome Happy Dummy
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