monopolist r 00

Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Monopoly
Section: Chapter Questions
Problem 1CQQ
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Quèstion 23
A monopolist maximizes profits by
O charging a price where marginal cost equals average total cost
O charging a price equal to marginal revenue and marginal cost
O producing an output level where marginal revenue equals marginal cost
Both a and b are correct
Transcribed Image Text:Quèstion 23 A monopolist maximizes profits by O charging a price where marginal cost equals average total cost O charging a price equal to marginal revenue and marginal cost O producing an output level where marginal revenue equals marginal cost Both a and b are correct
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