Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a profit-maximizing pure monopoly occurs where ________.

A. marginal cost equals average revenue
B. average total cost equals average revenue
C. marginal revenue equals average cost
D. marginal revenue equals marginal cost

Answer: D

Economics

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A) no change B) a larger decrease C) an large increase D) a smaller decrease

Economics

Suppose a country's debt rises by 6% and its GDP rises by 5%. What happens to the debt-GDP ratio?

A) It rises if there is a budget deficit that period. B) It falls. C) It rises. D) There is insufficient information to answer the question.

Economics