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The equilibrium level of output for the pure monopolist is where:

A. MR = MC

B. MR > MC

C. MR < MC

D. P < AC

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  18. The concept of period refers to:
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  23. Who developed the concept of Representative Firm?
  24. Each firm in cournot model can:
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  30. A demand curve which is horizontal and parallel to x-axis represents: