-In the figure above, the single- price, unregulated monopoly produces
A) 20 units per day.
B) less than 19 units per day.
C) between 21 and 39 units per day.
D) 40 or more units per day.

Question

-In the figure above, the single- price, unregulated monopoly produces
A) 20 units per day. 
B) less than 19 units per day. 
C) between 21 and 39 units per day. 
D) 40 or more units per day.

Quizplus · Accepted Answer

The profit-maximizing monopolist will produce the quantity where marginal revenue equals marginal cost. In this case, that occurs at 20 units per day.

-In the Figure Above, the Single- Price, Unregulated Monopoly Produces