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Minimizes economic losses by unregulated monopoly

When it is feasible for total revenue to cover all variable costs, an unregulated monopoly which does not price discriminate maximizes economic profits or else minimizes losses through producing the rate of output where is: (w) marginal revenue equals average revenue equals marginal cost equals average cost. (x) average revenue exceeds average cost by the greatest possible amount. (y) marginal revenue equals marginal cost. (z) marginal revenue exceeds marginal cost by the greatest possible amount.

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