Because the monopolist charges a price greater than marginal cost,it must be the case that the monopolist
A) earns an excessive profit.
B) earns a profit,excessive or otherwise.
C) fails to equate the benefit to the cost of the last unit produced.
D) produces less than the level of output associated with the maximum total economic surplus.
E) exploits the consumers who do make a purchase.

Question

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The Answer of Because the monopolist charges a price greater than marginal cost,it must be the case that the monopolist
A) earns an excessive profit.
B) earns a profit,excessive or otherwise.
C) fails to equate the benefit to the cost of the last unit produced.
D) produces less than the level of output associated with the maximum total economic surplus.
E) exploits the consumers who do make a purchase.

Because the Monopolist Charges a Price Greater Than Marginal Cost,it