A monopolist maximizes profits at the output at which Group of answer choices total revenue is at its greatest, assuming that th

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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 th

e firm has both fixed and variable costs. price equals marginal cost. price exceeds marginal cost by the greatest amount.

Business

2 answers:

UkoKoshka [18] · Answer 1 · 2023-10-31T19:31:08+03:00

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

<h3>Who is a monopolist?</h3>

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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Ahat [919] · Answer 2 · 2023-10-31T21:41:36+03:00

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

<h3>What is Monopolist?</h3>

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.