A Monopolist Will Maximize Profit by Producing the Level of Output

question 67

Multiple Choice

A monopolist will maximize profit by producing the level of output at which

• A)the firm's total revenue exceeds total cost by the largest amount.
• B)marginal revenue equals marginal cost.
• C)the last unit of output produced adds the same amount to total revenue as to total cost.
• D)both a and b
• E)all of the above

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