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The monopolist's level of output is not at the minimum point of ______, meaning it will not be productively efficient.

Sagot :

When a monopolist's level of output is not at the minimum point of average total cost, this means it will not be productively efficient.

What is an average total cost?

An average total cost refers to a cost derived from total fixed and variable costs divided by total units produced.

In conclusion, this cost is used to evaluate how the total per-unit cost change as a result of output

Read more about average total cost

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