At a monopoly's profit-maximizing level of output:
a. marginal revenue is greater than marginal cost.
b. marginal revenue is less than marginal cost.
c. price is less than marginal cost.
d. marginal revenue equals marginal cost.

Question

At a monopoly's profit-maximizing level of output:
a. marginal revenue is greater than marginal cost.
b. marginal revenue is less than marginal cost.
c. price is less than marginal cost.
d. marginal revenue equals marginal cost.

At a monopoly's profit-maximizing level of output:

a. marginal revenue is greater than marginal cost.

b. marginal revenue is less than marginal cost.

c. price is less than marginal cost.

d. marginal revenue equals marginal cost.

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At a monopoly's profit-maximizing level of output: a. marginal revenue is greater than marginal cost. b. marginal revenue is less than marginal cost. c. price is less than marginal cost. d. marginal revenue equals marginal cost.