Which of the Following Is Characteristic of the Monopoly Firm

question 17

Multiple Choice

Which of the following is characteristic of the monopoly firm?

• A)It produces the quantity of output at which marginal revenue equals marginal cost, MR = MC.
• B)It charges a price per unit for its product that is equal to marginal cost.
• C)It always earns a profit, because it is a single seller of a product.
• D)a and b
• E)a and c

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