A monopolist finds the output ( ) rate that maximizes profit. It finds the price by
A) taking the height of the marginal revenue curve at output rate Q .
B) taking the height of the marginal cost curve at output rate Q .
C) taking the height of the demand curve at output rate Q .
D) setting price equal to marginal cost.

Question

A monopolist finds the output (  ) rate that maximizes profit. It finds the price by
A) taking the height of the marginal revenue curve at output rate Q . 
B) taking the height of the marginal cost curve at output rate Q . 
C) taking the height of the demand curve at output rate Q . 
D) setting price equal to marginal cost.

Quizplus · Accepted Answer

The Answer of A monopolist finds the output (  ) rate that maximizes profit. It finds the price by
A) taking the height of the marginal revenue curve at output rate Q . 
B) taking the height of the marginal cost curve at output rate Q . 
C) taking the height of the demand curve at output rate Q . 
D) setting price equal to marginal cost.

A Monopolist Finds the Output ( ) Rate That