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Author Question: A profit-maximizing monopolist will ________ where marginal revenue is equal to marginal cost. (Read 56 times)

anjilletteb

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on: Apr 19, 2019

Question 1

The Lend Me Your Ears Company monopolizes the production of a specialized hearing aid. The Lend Me Your Ears Company will find it profitable to reduce output as long as marginal cost is


◦ greater than marginal revenue.
◦ equal to marginal revenue.
◦ less than marginal revenue.
◦ positive.

Question 2

A profit-maximizing monopolist will ________ where marginal revenue is equal to marginal cost.


◦ produce output
◦ charge the selling price
◦ minimize its average total cost
◦ All of these are correct.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by anjilletteb on Apr 19, 2019

cadimas

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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anjilletteb

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Reply 2 on: Apr 19, 2019
Excellent

chereeb

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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