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Need help with all three questions The monopoly\'s profit-maximizing quantity is

ID: 1163511 • Letter: N

Question

Need help with all three questions

The monopoly's profit-maximizing quantity is that quantity where O A. average total costs are minimized O B. price equals marginal cost. C. marginal cost equals average total cost. O D. marginal revenue equals marginal cost. The profit-maximizing price for the profit-maximizing quantity is determined by the curve. The firm's profit can be represented by a rectangle with a base equal to the quantit ual to the O A. difference in price and marginal cost. O B. price. O C. average total cost. O D. difference in price and average total cost. average total cost marginal revenue marginal cost demand

Explanation / Answer

Q1. Answer is A. D. marginal revenue equals to marginal cost. Q2. Demand curve Q3. Answer is D. price and Average total cost