A Profit-Maximizing Monopoly Firm That Sells Output in Two Distinct

question 46

Multiple Choice

A profit-maximizing monopoly firm that sells output in two distinct markets,A and B,will be in equilibrium when:

• A)the price in each market is equal to its marginal cost of production.
• B)the marginal revenue in each market is equal to the price in that particular market.
• C)the marginal revenue in each market is equal to its marginal cost of production.
• D)the gap between price and marginal cost is maximized in each market.

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