A monopolist's profit is maximized at the point where marginal cost is equal to:

Name: A monopolist's profit is maximized at the point where marginal cost is equal to:
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A monopolist maximizes profit where marginal cost (MC) is equal to marginal revenue (MR), not where MC equals price, total revenue, or average revenue. This is because the monopolist's profit-maximizing output level is determined by the intersection of the MC and MR curves.

A Monopolist's Profit Is Maximized at the Point Where Marginal