A profit-maximizing monopolist will ________ where marginal revenue is equal to marginal cost.
A) produce output
B) charge the selling price
C) minimize its average total cost
D) All of the above are correct.

Question

Quizplus · Accepted Answer

A profit-maximizing monopolist determines its output level where marginal revenue (MR) equals marginal cost (MC), as this is the point where profit is maximized.

A Profit-Maximizing Monopolist Will ________ Where Marginal Revenue Is Equal