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Business, 28.12.2019 02:31 kae97

Bob owns a trout farm with monopoly power in north carolina. bob's optimal output occurs where marginal revenue marginal cost. because of monopoly power, bob's supply curve

a) equals marginal cost; does not exist
b) exceeds marginal cost: does not exist
c) equals marginal cost: is upward-sloping
d) exceeds marginal cost; is perfectly inelastic

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