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To Maximize Profit,the Monopolist Produces on the ________ Portion of the Demand

Question 26

Multiple Choice

To maximize profit,the monopolist produces on the ________ portion of the demand curve where ________.


A) elastic; price equals marginal cost
B) elastic; marginal revenue equals marginal cost
C) inelastic; price equals marginal revenue
D) inelastic; marginal revenue equals marginal cost

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