The monopolist,like the perfect competitor,maximizes profits at the output where marginal revenue equals marginal cost.

Name: The monopolist,like the perfect competitor,maximizes profits at the output where marginal revenue equals marginal cost.
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This statement is true for both perfect competition and monopoly. The monopolist, like the perfect competitor, will maximize profits by producing at the point where marginal revenue equals marginal cost.

The Monopolist,like the Perfect Competitor,maximizes Profits at the Output Where