Exhibit 9-10 A monopolist

-In Exhibit 9-10, the profit-maximizing or loss-minimizing output for the monopolist is:

Question

Exhibit 9-10 A monopolist
​ 
-In Exhibit 9-10, the profit-maximizing or loss-minimizing output for the monopolist is:

Quizplus · Accepted Answer

The profit-maximizing or loss-minimizing output is where marginal revenue (MR) equals marginal cost (MC). In Exhibit 9-10, the MR curve intersects with the MC curve at approximately 150 units per day. Therefore, the monopolist should produce 150 units per day to maximize profits.

Exhibit 9-10 a Monopolist