For a monopolist,at the profit-maximizing level of output price is:
A) equal to marginal revenue.
B) equal to marginal cost.
C) chosen according to demand.
D) constant.

Name: For a monopolist,at the profit-maximizing level of output price is: A) equal to marginal revenue. B) equal to marginal cost. C) chosen according to demand. D) constant.
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A monopolist sets the price according to the demand curve at the profit-maximizing level of output, where marginal revenue equals marginal cost.

For a Monopolist,at the Profit-Maximizing Level of Output Price Is