Indicate the point where a monopoly will set its output.

Social Studies

2 answers:

stich3 [128]3 years ago

6 0

The point where a monopoly will set its output is where the marginal cost is equal to marginal revenue.

A monopoly´s goal is to maximize profit. Having no competition, the price level and the quantity demanded can be set. The output that maximizes a monopoly's profit is calculated by equating its marginal cost to its marginal revenue.

kkurt [141]3 years ago

5 0

The point where a monopoly will set its output is where marginal cost is equal to marginal revenue.

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