v Question Completion Status: 3000 2500 Maran ct 2000 1500 To pe 500 Demnd Margnaev 200 Quantity In the diagram above the profit maximizing output is (give a numerical value not in the words given to fill in the blanks), and the lighter shaded box represents The diagram shows that the price is than the average cost, so the firm is earning positive IfP>MC. then the to society (as measured by P) Following the rule P=MC ensures than marginal is greater than the marginal cost to society of producing additional units. In monopoly. price is always cost at the profit-maximizing Close Window Save and S Save All Answers to age all ansuvers isi ng
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