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Posted on Jul 07, 2024

The monopoly will have an incentive to lower its costs so that it can earn more profit. Marginal revenue = Average total cost Marginal revenue

The monopoly will have an incentive to lower its costs so that it can earn more profit.

Marginal revenue = Average total cost

Marginal revenue = Average variable cost

Marginal revenue = Marginal cost

Average revenue = Average total cost

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