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Answer to Question #49430 in Microeconomics for John

Question #49430
A profit-maximizing monopolist that sells all units of its output for a single (uniform) price will set this price:
as far above average total cost (ATC) as possible
along the elastic portion of its demand curve
along the inelastic portion of its demand curve
at the minimum of it average total cost (ATC) curve
where the marginal cost (MC) curve intersects the demand curve
Expert's answer
where the marginal cost (MC) curve intersectsthe demand curve

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