A monopoly firm will maximize profits by producing where A) marginal
A monopoly firm will maximize profits by producing where
A) marginal revenue is the same in domestic and foreign markets.
B) prices are the same in domestic and foreign markets.
C) marginal revenue is higher in foreign markets.
D) marginal revenue is higher in the domestic market.
E) total revenue from domestic and foreign sales is maximized.
ANSWER
A
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