Home » Past Questions » Economics » If monopoly is attempting to maximize profit which of the following should it at...

If monopoly is attempting to maximize profit which of the following should it at...


Question

If monopoly is attempting to maximize profit which of the following should it attempt to do?

Options

A)
Select that output at which ATC is at minimum
B)
Set price equal to TC
C)
Maximize profit per unit
D)
Maximize revenue
E)
Equate marginal cost to marginal revnue

The correct answer is E.


More Past Questions:


Discussion