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Slope of the total cost function

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Reference no: EM131040142

A monopolist will maximize profit

a) where total revenue is maximized.

b) where the slope of the total revenue function equals the slope of the total cost function.

c) where average cost is at a minimum.

d) where all the above are true.

e) somewhere other than the solutions listed because none of them is true

Reference no: EM131040142

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