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Business, 27.08.2019 00:30 brandisouthern9
Amonopolist is maximizing profit at an output rate of 1,000 units per month. at this output rate, the price that its customers are willing and able to pay is $8 per unit, average total cost is $5 per unit, and marginal cost is $6 per unit. it may be concluded that at this monthly output rate, marginal revenue isa) $5 per unit, and the monopolist earns zero economic profits. b) $6 per unit, and the monopolist earns economic profits of $3,000 per month. c) $5 per unit, and the monopolist earns economic profits of $2,000 per month. d) $6 per unit, and the monopolist earns economic losses of $1,000 per month.
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Amonopolist is maximizing profit at an output rate of 1,000 units per month. at this output rate, th...
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