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The diamond company has a monopoly in their market. The marginal cost to produce 1 carat of diamonds is $5 000, and the average total
The diamond company has a monopoly in their market. The marginal cost to produce 1 carat of diamonds is $5 000, and the average total cost at current production levels is $6 500. If the diamond company is maximizing their profits then what is their marginal revenue? What is the correct answer. A. greater than 5000 B. less than 5000 C. 5000 D 6500
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Business Driven Technology
Authors: Paige Baltzan
5th edition
978-007337684, 9780077419318, 73376841, 77419316, 978-0073376844
