For the monopolist, at the profit maximizing level of output

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    price is greater than marginal cost (P > MC).
     price is equal to marginal cost (P=MC).
     price may be greater than or equal to marginal cost, depending upon the total cost function of the firm.
     None of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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price is greater than marginal cost (P > MC).
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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