-For the monopoly shown in the figure above, the profit maximizing price is ________ per unit.
A) $10
B) $20
C) $30
D) $50

Name: -For the monopoly shown in the figure above, the profit maximizing price is ________ per unit. A) $10 B) $20 C) $30 D) $50
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Question

-For the monopoly shown in the figure above, the profit maximizing price is ________ per unit.
A) $10 
B) $20 
C) $30 
D) $50

Quizplus · Accepted Answer

In a monopoly, the profit-maximizing price is where marginal cost equals marginal revenue. Typically, this results in a price higher than marginal cost, often shown in figures as the point where the demand curve is above the marginal cost curve.

-For the Monopoly Shown in the Figure Above, the Profit