jasmine6016
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  • 02-12-2020
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WILL MARK BRAINLEST

How do firms with monopoly set output ?

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salad8217
salad8217 salad8217
  • 02-12-2020

Answer:

Explanation:

Graphically, one can find a monopoly's price, output, and profit by examining the demand, marginal cost, and marginal revenue curves. Again, the firm will always set output at a level at which marginal cost equals marginal revenue, so the quantity is found where these two curves intersect.

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