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Tidy Tidy
wrote...
Posts: 4852
8 years ago
A monopolist's profit maximizing price and output correspond to the point on a graph
A) where average total cost is minimized.
B) where total costs are the smallest relative to price.
C) where marginal revenue equals marginal cost and charging the price on the market demand curve for that output.
D) where price is as high as possible.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 479 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Answer verified by a subject expert
VincenzoDVincenzoD
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Top Poster
Posts: 1913
8 years ago
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Tidy Author
wrote...

8 years ago
Thanks
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
Brilliant
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