A Profit-Maximizing Monopolist Facing the Situation Shown in the Graph

question 113

Multiple Choice

A profit-maximizing monopolist facing the situation shown in the graph above should:

• A) shut down immediately.
• B) continue producing to minimize losses.
• C) continue producing to make economic profits.
• D) continue producing as long as price is greater than marginal cost.

---

Definitions:

Good Life

A life well lived; the most desirable way to live.

Aristotle

An ancient Greek philosopher and scientist, one of the greatest intellectual figures of Western history, he made vast contributions to various fields, including logic, metaphysics, ethics, and biology.

Moral Principles

Fundamental guidelines that govern ethical behavior, reflecting what is considered right or wrong in society.

Ethical Egoist

A moral theory asserting that individuals should act in ways that serve their own self-interest, positing that this approach ultimately benefits society as a whole.