Figure: Short-Run Monopoly
(Figure: Short-Run Monopoly) Look at the figure Short-Run Monopoly.The profit-maximizing quantity of output is quantity:
A)Q.
B)R.
C)S.
D)T.

Question

Quizplus · Accepted Answer

The profit-maximizing quantity of output for a monopoly is where marginal revenue (MR) equals marginal cost (MC), which is at point R in the diagram. At this quantity, the monopoly is earning positive economic profits. If the monopoly were to produce either more or less than this quantity, its profits would decrease.

Figure: Short-Run Monopoly (Figure: Short-Run Monopoly) Look at the Figure Short-Run Monopoly.The Profit-Maximizing