Which of the following is applicable to a monopolistic firm operating at the out...
Question
Which of the following is applicable to a monopolistic firm operating at the output where marginal cost equals marginal revenue?Options
A)
Cost of production is at a medium
B)
The plant is of optimum size
C)
Price is above marginal revenue
D)
Average variable cost is at a minimum
Related Lesson: Marginal Revenue and Marginal Cost For a Monopolist | Monopoly
The correct answer is C.
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