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Business, 02.04.2020 03:32 marissasusievalles

6) For the monopolist, marginal revenue is always less than the price of the good.7. The monopolist chooses the quantity of output at which marginal revenue equals marginal cost and then uses the demand curve to find the price that will induce consumers to buy that quantity.

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6) For the monopolist, marginal revenue is always less than the price of the good.7. The monopolist...

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