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Determine the profit maximizing price

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Reference no: EM131593842

How does the monopolist determine the profit maximizing price?

a) Find where marginal cost and demand intersect, and then use the demand curve to determine price.

 b) Find where marginal cost and marginal revenue cross, and then use the demand curve to determine price.

 c) Find where marginal cost and marginal revenue cross, and then use the corresponding price.

 d) Find where marginal revenue crosses the vertical axis, and use the corresponding price.

Reference no: EM131593842

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