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Business, 13.02.2020 18:18 marissasabino111

Bob owns a trout farm with monopoly power in North Carolina. Bob's optimal output occurs where marginal revenue . Because of monopoly power, Bob's supply curve . 1. equals marginal cost; 2. does not exist exceeds marginal cost; 3. does not exist equals marginal cost; 4. is upward-sloping exceeds marginal cost; 5. is perfectly inelastic

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