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astra-53 [7]
2 years ago
7

For a monopoly, the socially efficient level of output occurs where marginal revenue equals marginal cost. average revenue equal

s marginal cost. marginal revenue equals average total cost. average revenue equals average total cost.
Business
1 answer:
horsena [70]2 years ago
8 0

Answer:

The correct answer is: average revenue equals marginal cost.

Explanation:

In a monopoly, the socially efficient level of output is where the average revenue is equal to marginal cost. At this level, the price paid for the product is equal to the additional cost incurred on the production of that unit of product.

But the monopolist maximizes its profit by producing at the level where the marginal revenue is equal to marginal cost. This output level is less than the socially optimal level and creates a dead weight loss.

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Answer: Management control system

Explanation:

Management control system could be defined as a system that collects and uses information to analyze the performance of different organizational resources like human, physical, financial considering them all together in the light of organizational strategies pursued. It looks at comparing performances with the standards, plans or objective of the organization to determine if they are line with standards.

6 0
2 years ago
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Answer:

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blondinia [14]
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7 0
3 years ago
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uysha [10]
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2 years ago
An investment banker agrees to underwrite an issue of 10 million shares of stock for TWResearch, Inc. on a firm commitment basis
Mrac [35]

Answer:

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