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Q. |
For the monopolist, at the profit maximizing level of output |
A. | price is greater than marginal cost (p > mc) |
B. | price is equal to marginal cost (p=mc) |
C. | price may be greater than or equal to marginal cost, |
D. | price is less than marginal cost (p <mc) |
Answer» A. price is greater than marginal cost (p > mc) |
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