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Monopolies are inefficient because, at the profit-maximizing output level, (a) MC = MR (b) MC does not equal MR (c) MB = MC (d) P does not equal MC (e) P = ATC

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Monopolies are inefficient because, at the profit-maximizing output level,

(a) MC = MR

(b) MC does not equal MR

(c) MB = MC

(d) P does not equal MC

(e) P = ATC