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
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Expert's answer
2014-11-27T11:30:12-0500
where the marginal cost (MC) curve intersectsthe demand curve

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