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Tidy Tidy
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Posts: 4852
9 years ago
To maximize profit, a monopolist will produce and sell a quantity such that for the last unit sold, marginal revenue equals marginal cost, and charges a price given by the demand curve at that output level.
True or false?
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 211 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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VincenzoDVincenzoD
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Top Poster
Posts: 1913
9 years ago
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