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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

Use the following to answer questions:
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.

Quizplus · Accepted Answer

In a monopoly, the profit-maximizing quantity is where marginal cost (MC) equals marginal revenue (MR). In the figure, this occurs at quantity R.

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