Refer to the diagram for a pure monopolist. If the monopolist is unregulated, it will maximize profits by charging
A)a price above P₃ and selling a quantity less than Q₃.
B)price P₃ and producing output Q₃.
C)price P₂ and producing output Q₂.
D)price P₁ and producing output Q₁.

Question

Refer to the diagram for a pure monopolist. If the monopolist is unregulated, it will maximize profits by charging
A)a price above P₃ and selling a quantity less than Q₃. 
B)price P₃ and producing output Q₃. 
C)price P₂ and producing output Q₂. 
D)price P₁ and producing output Q₁.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram for a pure monopolist. If the monopolist is unregulated, it will maximize profits by charging
A)a price above P₃ and selling a quantity less than Q₃. 
B)price P₃ and producing output Q₃. 
C)price P₂ and producing output Q₂. 
D)price P₁ and producing output Q₁.

Refer to the Diagram for a Pure Monopolist