catPIE2161 catPIE2161

07-06-2023
Business

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Which of the following statements are TRUE? 1. Monopolists can raise prices as high as they want and still earn economic profits. II. Even with no competitors, firms face a downward-sloping demand curve. III. Just like competitive firms, monopolists maximize profits where marginal revenue equals marginal cost. O I and I only O I, II, and Ill O II and Ill only O I and Ill only

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