A monopoly maximizes profit by finding the output level where the difference between marginal revenue and marginal costs is as large as possible.

Name: A monopoly maximizes profit by finding the output level where the difference between marginal revenue and marginal costs is as large as possible.
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Quizplus · Accepted Answer

A monopoly maximizes profit by producing the output level where marginal revenue equals marginal cost, not where the difference is largest.

A Monopoly Maximizes Profit by Finding the Output Level Where