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Answer to Question #49429 in Microeconomics for JOhn
Question #49429
If a monopolist is producing a level of output that maximizes total profit, then it will necessarily be:
minimizing total cost
maximizing profit per unit of output
maximizing total revenue
maximizing the difference between total revenue and total cost
minimizing total cost
maximizing profit per unit of output
maximizing total revenue
maximizing the difference between total revenue and total cost
Expert's answer
maximizing the difference between total revenue and total cost
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