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Author Question: The monopolist, like the perfect competitor, maximizes profits at the output where marginal revenue ... (Read 147 times)

tichca

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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



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rachel

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Answer to Question 1

True

Answer to Question 2

T




tichca

  • Member
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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


cici

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Reply 3 on: Yesterday
Excellent

 

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