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If A Monopolist Is Attempting To Maximize Profit, Which Of The Following Should He Attempt To Do? - Erudites Academy

If a monopolist is attempting to maximize profit, which of the following should he attempt to do?

by | Aug 3 | Economics WAEC | 0 comments

A. Equate average cost to average revenue
B. Equate marginal cost to marginal revenue
C. Equate marginal cost to average revenue
D. fix price and output
E. Equate price to total cost

Correct Answer:

Option B – Equate marginal cost to marginal revenue

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