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Select all of the answers that aretrue. That is, there may be more than one correct statement. A monopolist: a. profit-maximizes where P = MC

Select all of the answers that aretrue. That is, there may be more than one correct statement.

A monopolist:

a. profit-maximizes where P = MC

b. profit-maximizes where MR = MC

c. is a price setter

d. faces a perfectly elastic demand curve

e. faces a demand curve that is horizontal at the market price.

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