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the firm's profit maximizing price is C) a firm's long-run average cost curve must exhibit economies of scale t relevant range of market demand. D)

the firm's profit maximizing price is

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C) a firm's long-run average cost curve must exhibit economies of scale t relevant range of market demand. D) a firm must have a government-imposed barrier. E) the monopoly should have the natural capability of producing the goo considering its profitability. Figure 1 Price and cost per unit MC ATC, ATC2 ATC QN Demand 0 Quantity MR

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