The following figure shows the marginal revenue [MR],demand,and average cost [AC] curves for a profit-maximizing monopolist in the long run. ![The following figure shows the marginal revenue [MR],demand,and average cost [AC] curves for a profit-maximizing monopolist in the long run. 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/TB1826/11ea857e_d7ad_8c4f_a433_b76acd01401d_TB1826_00_TB1826_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:
Verified
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