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Exhibit 10-1 -A Monopoly Will Expand Output Until

Question 163

Multiple Choice

Exhibit 10-1 Exhibit 10-1 -A monopoly will expand output until A) total revenue is maximized. B) marginal revenue equals marginal cost. C) price elasticity is equal to 1. D) average revenue is maximized. E) marginal revenue equals zero.
-A monopoly will expand output until


A) total revenue is maximized.
B) marginal revenue equals marginal cost.
C) price elasticity is equal to 1.
D) average revenue is maximized.
E) marginal revenue equals zero.

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