Multiple Choice
Which of the following statements is true?
A) For a monopoly firm, its marginal revenue curve and demand curve share two points in common.
B) A monopoly firm is a price taker; it takes the price government sets.
C) A firm that maximizes revenue automatically maximizes profit.
D) Maximizing revenues is the same as maximizing profits only when the firm has no variable costs.
E) a and d
Correct Answer:
Verified
Correct Answer:
Verified
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