A monopolist maximizes profit by producing the quantity at which MC = MR, just like a perfect competitor.

Name: A monopolist maximizes profit by producing the quantity at which MC = MR, just like a perfect competitor.
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A monopolist, like a perfect competitor, will also maximize their profit by producing the quantity at which marginal cost (MC) equals marginal revenue (MR). This is because at this quantity, the monopolist is producing the optimal amount that maximizes their profit.

A Monopolist Maximizes Profit by Producing the Quantity at Which