EC201 Assessment) Est. Length: 2:00:00 Eva ONDONGO NGALA: Attempt 1 Page 1: Question 3 (1 point) Under perfect competition, any profit-maximizing producer will produce a quantity where the market price is equal to its... average costs + variable costs marginal costs Page 2: total costs Question 4 (1 point) A monopolist is able to maximize its profits by... O setting the price at the level that will maximize its per-unit profit setting output at MR = MC and charging a price at the demand curve's highest point for that level of output O producing maximum output where price is equal to its marginal cost O charging a price where the elasticity of demand is equal to 1 MacBook Pro