Which of the following is not generally true about a profit-maximizing monopolist? a. the monopolist faces a perfectly elastic demand curve. b. the monopolist can potentially continue to earn economic profits in the long run. c. the monopolist charges a price that exceeds marginal cost. d. the monopolist chooses output where marginal revenue equals marginal cost. e. all of the above are true.
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Which of the following is not generally true about a profit-maximizing monopolist? a. the monopolist...
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