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A Monopolist Will Maximize Profit by Producing the Level of Output

Question 29

Multiple Choice

A monopolist will maximize profit by producing the level of output at which


A) the firm's total revenue exceeds total cost by the largest amount.
B) marginal revenue equals marginal cost.
C) the last unit of output produced adds the same amount to total revenue as to total cost.
D) both a and b
E) all of the above

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