A monopolist will

Question

A monopolist will

Quizplus · Accepted Answer

A monopolist will always seek to maximize profits, which means choosing the level of output at which marginal revenue equals marginal cost. However, this level of output will typically occur at a price higher than marginal cost, as the monopolist has market power and can charge a higher price than would be possible in a perfectly competitive market. Therefore, both options B and C are correct and the best choice is D. Option A is incorrect as it is too broad of a statement and not always true in every case.

A Monopolist Will