Let P = price,MR = marginal revenue,and MC = marginal cost.For a profit-maximizing monopolist,which of the following describes the relationship

Question

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For a profit-maximizing monopolist, the price (P) is greater than marginal revenue (MR), which is equal to marginal cost (MC). This is because monopolists set output where MR = MC, but charge a price based on the demand curve, which is higher than MR.

Let P = Price,MR = Marginal Revenue,and MC = Marginal