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ECON-1010-D1/D2-Introduction to Microeconomics

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How is a monopolist’s profit-maximizing quantity of output determined?

None of the above.

by the intersection of the demand curve and the marginal-cost curve

by the intersection of the demand curve and the average-total-cost curve

by the intersection of the marginal-revenue curve and the marginal-cost curve

100%

by the intersection of the marginal-revenue curve and the average-total-cost curve

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