A monopolist maximizes profits by:
a) by charging price equal to average cost.
b) charging price equal to marginal cost.
c) by setting MR (q) = MC (q) at a q for which p (q) is at least AVC (q).
d) by setting marginal profit equal to marginal cost.
e) by setting marginal revenue equal to marginal profit at a q for which p (q) is at least AVC (q).
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