The Limit Price May Be Defined As

question 87

Multiple Choice

The limit price may be defined as:

• A)the price that consumers are willing to pay for the monopolist's profit- maximizing output.
• B)the price at the tangency between a potential entrant's LAC curve and the market demand curve.
• C)the maximum price permitted by law.
• D)the highest price existing firms can charge to deter entry.

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