An unregulated monopolist will likely:
A) charge a price below MR.
B) charge a price above MC.
C) charge a price equal to MR.
D) charge a price below MR and above MC.

Question

Quizplus · Accepted Answer

An unregulated monopolist will have the power to set their price above marginal cost in order to maximize their profits. This is because they have no competition forcing their prices down and can charge what they believe consumers will pay for their product.

An Unregulated Monopolist Will Likely