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18 April, 05:11

For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at whicha. total revenue is maximized. b. profit is maximized. c. marginal cost is zero. d. average revenue is zero.

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  1. 18 April, 08:15
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    a. total revenue is maximized

    Explanation:

    Marginal revenue refers to the change in total revenue. Zero marginal revenue impllies no change in TR. Thus, only when TR is maximized will MR be zero before falling.
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