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Author Question: Which ONE of the following applies to a profit-maximising monopoly but not to a profit-maximising ... (Read 32 times)

nenivikky

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on: May 25, 2020
Which ONE of the following applies to a profit-maximising monopoly but not to a profit-maximising perfectly competitive firm?
◦ Marginal cost equals average cost at the output where the latter is at the minimum.
◦ Marginal revenue is not equal to average revenue.
◦ The most profitable output is where marginal cost equals marginal revenue.
◦ Average revenue is equal to marginal cost.
◦ Average revenue equals price.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by nenivikky on May 25, 2020

britb2u

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Reply #1 on: May 25, 2020
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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nenivikky

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Reply 2 on: May 25, 2020
Excellent

ktidd

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

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