A profit-maximizing monopolist facing the situation shown in the graph should
A)shut down in the short run.
B)continue producing to minimize losses.
C)continue producing to make economic profits.
D)continue producing as long as price is greater than marginal cost.

Question

A profit-maximizing monopolist facing the situation shown in the graph should
A)shut down in the short run. 
B)continue producing to minimize losses. 
C)continue producing to make economic profits. 
D)continue producing as long as price is greater than marginal cost.

Quizplus · Accepted Answer

The Answer of  A profit-maximizing monopolist facing the situation shown in the graph should
A)shut down in the short run. 
B)continue producing to minimize losses. 
C)continue producing to make economic profits. 
D)continue producing as long as price is greater than marginal cost.

A Profit-Maximizing Monopolist Facing the Situation Shown in the Graph