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A monopolist will set its production at a level where marginal cost is equal to a. marginal revenue. c. total revenue. b. the equilibrium market price. d. quantity supplied.
To figure out price and quantity in a monopoly, a business finds the point at which marginal cost equals MARGINAL REVENUE. ]
moja2013|Points 71|
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Asked 6/8/2014 12:11:02 AM
Updated 11/29/2016 2:33:48 PM
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Edited by Andrew. [11/29/2016 2:33:47 PM], Confirmed by Andrew. [11/29/2016 2:33:48 PM]
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