A profit-maximizing monopoly will always produce at the minimum point of its average total cost (ATC)curve.

Name: A profit-maximizing monopoly will always produce at the minimum point of its average total cost (ATC)curve.
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A profit-maximizing monopoly will always produce at the point where marginal revenue equals marginal cost, which may or may not be at the minimum point of its average total cost curve.

A Profit-Maximizing Monopoly Will Always Produce at the Minimum Point