Which of the Following Statements Is True

question 23

Multiple Choice

Which of the following statements is true?

• A)Monopoly profits are generally zero.
• B)Monopoly profits are maximized when total revenue is maximized.
• C)The condition, MC = MR, is the optimizing condition for monopolists and firms in perfectly competitive markets.
• D)Usually the demand and marginal revenue curves for a monopoly are the same.