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Author Question: The monopolist, like the perfect competitor, maximizes profits at the output where marginal revenue ... (Read 35 times)

tichca

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

T


tichca

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Reply 2 on: Jun 30, 2018
Gracias!

LVPMS

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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