-In the above figure, the monopolist's profit-maximizing price is
A) A.
B) B.
C) C.
D) D.

Name: -In the above figure, the monopolist's profit-maximizing price is A) A. B) B. C) C. D) D.
Brand: Quizplus
Rating: 5.0 (31 reviews)

Question

-In the above figure, the monopolist's profit-maximizing price is
A) A. 
B) B. 
C) C. 
D) D.

Quizplus · Accepted Answer

The monopolist's profit-maximizing price is the price that maximizes the difference between total revenue and total cost. In the figure, this occurs at point A, where the marginal revenue curve intersects the marginal cost curve.

-In the Above Figure, the Monopolist's Profit-Maximizing Price Is