A monopolist will maximize profits by producing a quantity specified by setting marginal revenue equal to marginal cost.

Name: A monopolist will maximize profits by producing a quantity specified by setting marginal revenue equal to marginal cost.
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Quizplus · Accepted Answer

This is because the monopolist has market power and is able to set prices higher than marginal cost. By producing at the quantity where marginal revenue equals marginal cost, the monopolist is able to maximize profits.

A Monopolist Will Maximize Profits by Producing a Quantity Specified