Question

A monopoly will price its product:
Question 20 options:

A) where total revenue is maximized.

B) where total costs are minimized.

C) at that point on the market demand curve corresponding to an output level in which marginal revenue equals marginal cost.

D) at that point on the market demand curve which intersects the marginal cost curve.

Answer 1

C) at that point on the market demand curve corresponding to an output level in which marginal revenue equals marginal cost.