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Business, 07.01.2020 06:31 andrwisawesome0

Which of the following statements regarding a monopolist is false? a. the marginal revenue cure lies below the demand curve for the monopolists output. b. unlike a perfectly competitive firm a monopolist faces little or no competition. c. the monoplist sets price equal to marginal cost to maximize profit. d. the monopolist may or this not earn positive economic profit.

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Which of the following statements regarding a monopolist is false? a. the marginal revenue cure lie...
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