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At the Profit-Maximizing Level of Output,price Is ________ Marginal Cost

Question 62

Multiple Choice

At the profit-maximizing level of output,price is ________ marginal cost for a perfectly competitive firm and price is ________ marginal cost for a monopolist.


A) equal to; greater than
B) equal to; less than
C) equal to; equal to
D) greater than; equal to

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