katey862 katey862
  • 13-12-2022
  • Business
contestada

Which of the following is necessarily true of the profit-maximizing equilibrium of a monopolist who sets a single price?
a. Price equals average total cost.
b. Price is greater than marginal cost.
c. Average total cost is at its minimum level.
d. Marginal revenue is greater than marginal cost.
e. Marginal cost is minimized.

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