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Home Q & A Board Other Fields Homework Help Business Economics
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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
For a monopoly, profit is equal to
A) (price - marginal cost) * quantity.
B) (marginal revenue - marginal cost) * quantity.
C) (marginal revenue - average cost) * quantity.
D) (price - average cost) * quantity.
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kingbykingby
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#1
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7 years ago
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#2
7 years ago
Incredible!
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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