When a monopolist faces a fixed marginal cost of production, profit is maximized if:
A) the slope of the tangent to the total revenue curve is equal to the slope of the total cost curve.
B) the slope of the total cost curve is 1.
C) the marginal revenue is zero.
D) the slope of the tangent to the total revenue curve is equal to the slope of the marginal revenue curve.
Correct Answer:
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