In the above figure, if the monopolist engages in marginal cost pricing, what are its output and price?
A. 1,200, $3
B. 700, $7
C. 900, $7
D. 700, $10
Answer: A
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A) net liability. B) net borrower. C) net lender. D) debtor nation. E) net asset.
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A) monetary B) political C) policy D) budgetary
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