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Economics
MEDIUM
ENGLISH
Economics
Suppose we know that a monopolist is maximizing its profits. Which of the following is a correct inference? the monopolist has?
A
maximized its total revenue
Option A
B
set price equal to its average cost
Option B
equated marginal revenue and marginal cost
Correct answer
D
maximized the difference between marginal revenue and marginal cost.
Option D
Correct answer: C
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