If a monopoly is attempting to maximize profits, which of the following, if any, should it attempt to do?
A)Maximize revenues.
B)Maximize profit per unit.
C)Select that output at which average total cost is at a minimum.
D)Select that output at which average fixed cost is at a minimum.
E)None of the above.

Question

Quizplus · Accepted Answer

To maximize profits, a monopoly should produce at the quantity where marginal cost equals marginal revenue, which is not explicitly mentioned in any of the provided options. Options A, B, C, and D do not necessarily lead to profit maximization.

If a Monopoly Is Attempting to Maximize Profits, Which of the Following