A Monopoly Firm Will Maximize Profits by Producing Where

question 33

Multiple Choice

A monopoly firm will maximize profits by producing where

• A)marginal revenue is higher in the domestic market.
• B)total revenue from domestic and foreign sales is maximized.
• C)marginal revenue is the same in domestic and foreign markets.
• D)prices are the same in domestic and foreign markets.
• E)marginal revenue is higher in foreign markets.