Western Governors University (WGU) ECON5000 C211 Global Economics for Managers Practice Exam Flash Cards

Question: 1 / 400

In a monopolistic market, what is the relationship between price and marginal cost at the profit-maximizing output level?

?

Price is greater than marginal cost

Next
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy