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barxatty [35]
2 years ago
13

for a monopolist: a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. ma

rginal cost equals zero. e. average total cost equals marginal cost.
Business
2 answers:
Dahasolnce [82]2 years ago
7 0

For a monopolist seller, price is above marginal revenue.

<h3>What is marginal revenue?</h3>

This can be defined as the difference between the amount of revenue generated as a result of additional unit of variable factors of production.

Factors of production are grouped as follows;

Fixed factors:Land and Machineries.

Variable factors of production: Labor and Capital.

Therefore, price is usually higher than marginal revenue for a monopolist.

Learn more about marginal revenue:

brainly.com/question/13444663

#SPJ11

FromTheMoon [43]2 years ago
3 0

For a monopolist, price is above marginal revenue.

<h3>What is monopolist market?</h3>

A monopolist market is a market with managed alone.

The price of commodity should be greater than marginal revenue this is because until marginal revenue and cost are balance the business cannot expand.

But a high price above the revenue will equal to profit.

Learn more on monopolist market below

brainly.com/question/13113415

#SPJ1

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