As a Price Searcher, a Monopoly Firm

question 132

Multiple Choice

As a price searcher, a monopoly firm

• A) must only determine the price it charges.
• B) must determine its optimal price-output combination.
• C) must determine its output level and then accept the market price for its product.
• D) must determine the prices it pays for its inputs and accept the market price for its output.

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