Table 15-1

-Refer to Table 15-1.If the monopolist wants to maximize its revenue,how many units of its product should it sell

Question

Table 15-1
 
-Refer to Table 15-1.If the monopolist wants to maximize its revenue,how many units of its product should it sell

Quizplus · Accepted Answer

To maximize revenue, a monopolist should produce where marginal revenue equals zero. Typically, this occurs at the midpoint of the demand curve, which is often around the quantity where total revenue is maximized. In many cases, this is around the 6th unit.

Table 15-1 -Refer to Table 15-1.If the Monopolist Wants to Maximize Its