FIGURE 11- 2 -Refer to Figure 11- 2. in Diagram D, the Profit-

question 58

Multiple Choice

FIGURE 11- 2
-Refer to Figure 11- 2. In diagram D, the profit- maximizing output for a single- price monopolist occurs where

• A) P > MC.
• B) P = MC.
• C) P < MC.
• D) P > AR.
• E) P = MR.

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