question archive Explain why a monopolist maximizes its long-run profit by producing that output for which marginal revenue equals long-run marginal cost
Explain why a monopolist maximizes its long-run profit by producing that output for which marginal revenue equals long-run marginal cost
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Explain why a monopolist maximizes its long-run profit by producing that output for which marginal revenue equals long-run marginal cost. What sense does this monopolist pricing differ from a perfect competitive market?
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