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When will a monopoly set its price equal to marginal cost? Part 2 A monopoly will set its price equal to marginal cost when Part
When will a monopoly set its price equal to marginal cost? Part 2 A monopoly will set its price equal to marginal cost when Part 3 A. it has no fixed costs. B. consumer demand is infinitely elastic. C. new firms cannot threaten to enter. D. consumers are not sensitive to price. E. its marginal revenue curve is downward-sloping
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