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A Monopolist Finds the Output ( )Rate That Maximizes

Question 209

Multiple Choice

A monopolist finds the output ( ) rate that maximizes profit. It finds the price by

A) taking the height of the marginal revenue curve at output rate Q A monopolist finds the output ( ) rate that maximizes profit. It finds the price by A) taking the height of the marginal revenue curve at output rate Q . B) taking the height of the marginal cost curve at output rate Q . C) taking the height of the demand curve at output rate Q . D) setting price equal to marginal cost. .
B) taking the height of the marginal cost curve at output rate Q A monopolist finds the output ( ) rate that maximizes profit. It finds the price by A) taking the height of the marginal revenue curve at output rate Q . B) taking the height of the marginal cost curve at output rate Q . C) taking the height of the demand curve at output rate Q . D) setting price equal to marginal cost. .
C) taking the height of the demand curve at output rate Q A monopolist finds the output ( ) rate that maximizes profit. It finds the price by A) taking the height of the marginal revenue curve at output rate Q . B) taking the height of the marginal cost curve at output rate Q . C) taking the height of the demand curve at output rate Q . D) setting price equal to marginal cost. .
D) setting price equal to marginal cost.