A monopolist maximizes profits at the output at which Group of answer choices total revenue is at its greatest, assuming that the firm has both fixed and variable costs. price equals marginal cost. price exceeds marginal cost by the greatest amount.

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19-07-2022
Business

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A monopolist maximizes profits at the output at which Group of answer choices total revenue is at its greatest, assuming that the firm has both fixed and variable costs. price equals marginal cost. price exceeds marginal cost by the greatest amount.

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-07-20T17:58:55+02:00

A monopolist maximizes profits at the output at which marginal revenue equals marginal cost.

Who is a monopolist?

It should be noted that a monopolist simply means an individual that controls the sale of a particular good in the market.

In this case, a monopolist maximizes profits at the output at which marginal revenue equals marginal cost.

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okpalawalter8 okpalawalter8 · Answer 2 · 2022-07-20T19:19:15+02:00

A monopolist maximizes profits at the output; a Monopolist maximizes profit by equating MR and MC. Option C. This is further explained below.

What is Monopolist?

Generally, a Monopoly refers to a business or person that dominates and controls a market for a certain product or service.

In conclusion, In order for a monopolist to maximize profits, the production must be equal to the profit.