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Author Question: The monopolist always maximizes its profits by producing the amount of output that sets the marginal ... (Read 49 times)

armygirl

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on: Jun 29, 2018
The monopolist always maximizes its profits by producing the amount of output that sets the marginal revenue equal to zero.
 
  Indicate whether the statement is true or false

Question 2

In order to maximize its profit, a single-price monopoly always produces output in the inelastic range of the demand for its product.
 
  Indicate whether the statement is true or false


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joewallace

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

FALSE


armygirl

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

EAN94

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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