Where is a monopolist's profit maximized?
A)At break-even output.
B)Where the difference between total revenue and total cost is maximum.
C)Where total revenue is maximum.
D)Where total cost is minimum.

Question

Quizplus · Accepted Answer

A monopolist's profit is maximized where the difference between total revenue and total cost is the greatest, as profit is defined as total revenue minus total cost.

Where Is a Monopolist's Profit Maximized