Multiple Choice
When marginal revenue intersects marginal cost on a graph,
A) profits are maximized for a monopolist but not for a competitive firm.
B) profits are maximized for a competitive firm but not for a monopolist.
C) a monopolist prices the good at that point.
D) a monopolist always makes an economic profit.
E) a monopolist must go up to the demand curve to find the price.
Correct Answer:
Verified
Correct Answer:
Verified
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