When will a monopoly set its price equal to its marginal cost?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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Question Posted: Nov 13, 2014 03:35 AM

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Under what circumstances does a monopoly set its price equal to its marginal cost?
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When will a monopoly set its price equal to its marginal cost?

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A monopolist may set price equal to marginal cost if other firms can enter costlessly If ...View the full answer

Managerial Economics and Strategy

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