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Author Question: A monopolist will be earning positive economic profits (Read 71 times)

petersan

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on: Oct 12, 2022

Question 1

For a monopolist, the profit-maximizing level of output occurs where
◦ MC = AR.
◦ MC = 0.
◦ MR = MC.
◦ MC = price.
◦ MR = AC.

Question 2

A monopolist will be earning positive economic profits
◦ when price equals marginal cost.
◦ when price exceeds average total cost.
◦ whenever marginal revenue equals marginal cost.
◦ at all times, since it controls the market.
◦ whenever marginal revenue is positive.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by petersan on Oct 12, 2022

ahardin89

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Reply #1 on: Oct 12, 2022
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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petersan

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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