The short-run equilibrium output for a monopolist is determined by the?

Economics JAMB 2002

The short-run equilibrium output for a monopolist is determined by the?

  • highest point on the total revenue curve
  • minimum point on the average revenue and the average cost curve
  • intersection of the average revenue and the average cost curves checkmark
  • intersection of the marginal cost and marginal revenue curves

The correct answer is: C

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