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QUESTION
26) The profit-maximizing output of a pure monopoly is economically inefficient because in equilibrium: price exceeds marginal cost. marginal cost...
26) The profit-maximizing output of a pure monopoly is economically inefficient because in equilibrium: A. price exceeds marginal cost. B. marginal cost exceeds price. C. marginal revenue equals marginal cost. D. price equals minimum average total cost
