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Author Question: A single-price monopolist maximizes profits by producing the output at which A) price equals ... (Read 115 times)

karlynnae

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on: Jun 29, 2018
A single-price monopolist maximizes profits by producing the output at which
 
  A) price equals marginal cost.
  B) price equals marginal revenue.
  C) marginal revenue equals marginal cost.
  D) marginal cost equals average cost.

Question 2

Which of the following businesses have limited liability?
 
  A) Mainline Texaco, a gas station downtown with Frank Jones as proprietorship
  B) Fakker, Chayse, and Blaimm, partners in medical malpractice law
  C) StrideRite Shoe Company, Inc., a corporation that produces shoes
  D) Both answers B and C are correct.


kkenney

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

C

Answer to Question 2

C


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