If a monopolist chooses to maximize its total revenue than total profits, then it should choose the combination of low prices of products with a higher quantity of outputs so that more quantities of output can be sold for maximization of revenue.
The whole quantity of general income of products and offerings is known as total revenue.
It is calculated with the aid of using multiplying the full quantity of products and offerings bought with the aid of using the charge of the products and offerings.
Thus, by producing and selling more output at a lesser price, the monopolist can maximize its revenue.
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