The monopolist, like the perfect competitor, maximizes profits at ...

[tichca]

The monopolist, like the perfect competitor, maximizes profits at the output where marginal revenue equals marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When average variable cost is at its minimum, it is equal to the marginal cost of production at that level of output.
  Indicate whether the statement is true or false

[rachel]

Answer to Question 1

True

Answer to Question 2

T

[tichca]

Thanks for the timely response, appreciate it

[ricroger]

YES! Correct, THANKS for helping me on my review