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A single-price monopolistis a monopolist that sells each unit of its output for the samepriceto all its customers. At its profit-maximizing output level, the single-price
A single-price monopolistis a monopolist that sells each unit of its output for the samepriceto all its customers. At its profit-maximizing output level, the single-price monopolist produces where price is ___________ than marginal cost because for it price is __________ than marginal revenue and its demand curve lies __________ its marginal revenue curve.
options: less; less; below
greater; greater; above
greater; greater; below
less; less; above
greater; less; below
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