A Monopolist Finds the Output ( ) Rate That

question 154

Multiple Choice

A monopolist finds the output ( ) rate that maximizes profit. It finds the price by

• A) taking the height of the marginal revenue curve at output rate Q .
• B) taking the height of the marginal cost curve at output rate Q .
• C) taking the height of the demand curve at output rate Q .
• D) setting price equal to marginal cost.

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