The following figure shows the marginal revenue [MR],demand,and average cost [AC] curves for a profit-maximizing monopolist in the long run.
Figure 11-3 ![The following figure shows the marginal revenue [MR],demand,and average cost [AC] curves for a profit-maximizing monopolist in the long run. Figure 11-3 -Refer to Figure 11-3.The equilibrium price charged by a profit-maximizing monopoly firm is _____. A) OA B) OB C) OI D) OC](https://d2lvgg3v3hfg70.cloudfront.net/TB1825/11ea77e2_d73e_4cd5_91bf_57f75fbe6a2f_TB1825_00_TB1825_00.jpg)
-Refer to Figure 11-3.The equilibrium price charged by a profit-maximizing monopoly firm is _____.
A) OA
B) OB
C) OI
D) OC
Correct Answer:
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