The socially optimal price (P = MC) is socially optimal because: a. It reduces the monopolists profit.

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The socially optimal price (P = MC) is socially optimal because:

a. It reduces the monopolist’s profit.

b. It yields a normal profit.

c. It minimizes ATC.

d. It achieves allocative efficiency.

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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 05:34 AM

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The socially optimal price (P = MC) is socially optimal because: a. It reduces the monopolists profit.

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Microeconomics Principles, Problems and Policies

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