Which of the Following Is TRUE for Monopolists

question 118

Multiple Choice

Which of the following is TRUE for monopolists?

• A)They charge a price below average cost, which guarantees above normal profits.
• B)Their marginal revenue increases with output.
• C)They maximize profits by producing at the midpoint of their demand curve.
• D)They produce all units of output for which marginal revenue is greater than or equal to marginal cost.(True
• Answer )Correct

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