If Marginal Costs Are Zero,a Monopolist Will Maximize Profit by Producing

question 94

Multiple Choice

If marginal costs are zero,a monopolist will maximize profit by producing at the point where:

• A)average revenue is zero.
• B)price is maximum.
• C)total revenue is maximum.
• D)marginal revenue is maximum.

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Products that have been processed to their final form and are ready for use by consumers or businesses, as opposed to intermediate goods used in production.

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