Monopolists always price their products at the point where MR = MC.

Name: Monopolists always price their products at the point where MR = MC.
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Question

Quizplus · Accepted Answer

Monopolists maximize profit by setting output where marginal revenue (MR) equals marginal cost (MC), but they do not necessarily price their products at this point. Instead, they use the demand curve to set the highest price consumers are willing to pay for that quantity.

Monopolists Always Price Their Products at the Point Where MR