Given the attached diagram, and assuming it is a monopoly market structure with the monopolist trying to maximize profit by using MRMC rule. What will be the relationship between Price (P) and Marginal Cost (MC) when the monopolist produces the optimal profit maximizing price and quantity combination? Price, Cost (S) 40 30 25 18 12 300 400 O a. P> MC O b. P = MC OCP

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