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8 Dec 2019
A monopolist's profit-maximizing price and output correspond to the point on a graph
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where average total cost is minimized
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where total costs are the smallest relative to price
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where marginal revenue equals marginal cost and changing the price on the market demand curve for that output
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where price is as high as possible
A monopolist's profit-maximizing price and output correspond to the point on a graph
-
where average total cost is minimized
-
where total costs are the smallest relative to price
-
where marginal revenue equals marginal cost and changing the price on the market demand curve for that output
-
where price is as high as possible
marcusnicole284Lv10
29 Jun 2023
12 Jun 2023
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learn4lifeLv10
20 Jul 2022
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Jarrod RobelLv2
8 Dec 2019
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