-Exhibit K-8 indicates that a monopolist maximizes profit at a quantity of
A) 0
B) 6
C) 8
D) 9
E) 10

Question

-Exhibit K-8 indicates that a monopolist maximizes profit at a quantity of
A) 0 
B) 6 
C) 8 
D) 9 
E) 10

Quizplus · Accepted Answer

A monopolist maximizes profit where marginal revenue equals marginal cost, which, according to standard economic theory, would not be at a quantity of 0. Without specific data from Exhibit K-8, the correct answer is chosen based on typical economic principles rather than specific exhibit details.

-Exhibit K-8 Indicates That a Monopolist Maximizes Profit at a Quantity