contestada

A monopolist maximizes profits by:
a) by charging price equal to average cost.
b) charging price equal to marginal cost.
c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q).
d) by setting marginal profit equal to marginal cost.
e) by setting marginal revenue equal to marginal profit at a q for which p(q) is at least AVC(q).

Respuesta :

Karabo99

Answer:

c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q)

Explanation:

Profit is maximised at MR= MC and price is greater than MC for monopoly.

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