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A monopolist maximizes profits by producing a level of output where:?

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a. P=AC.

b. P>MC.

C. P<MC.

d. P=MC.

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  1. b.P&gt;MC.


  2. Well, the monopoly maximizes profits when mr=mc...mr is always less then P, so if mr=mc and mr&lt;p, mc&lt;P P&gt;MC. B
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