If an oligopolist is attempting to maximize revenue, it should produce a quantity of output where marginal revenue is
A) greater than marginal cost.
B) equal to zero.
C) equal to marginal cost.
D) None of the above is correct.

Question

Quizplus · Accepted Answer

To maximize revenue, an oligopolist should produce where marginal revenue equals zero, as this is the point where any additional unit of output would not increase total revenue.

If an Oligopolist Is Attempting to Maximize Revenue, It Should