The GoSports Company Is a Profit-Maximizing Firm with a Monopoly

question 294

Multiple Choice

The GoSports Company is a profit-maximizing firm with a monopoly in the production of school team pennants.The firm sells its pennants for $10 each.We can conclude that GoSports is producing a level of output at which:

• A)average total cost equals $10.
• B)average total cost is greater than $10.
• C)marginal revenue equals $10.
• D)marginal cost equals marginal revenue.

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