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Monopoly

Which of the following is true under monopoly?

a. profits are always positive.
b. P > minimum of ATC.
c. P = MR.
d. none of the above are true.

Solution Preview

Which of the following is true under monopoly?

the answer which is VERY NEAR is "B"

b. P > ...

Solution Summary

This answer explicate parts of a monopoly.

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