The profit maximizing output level for a monopolist is

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    the output level where price elasticity of demand is -1 and total revenue is maximized.
     the output level where marginal revenue equals marginal cost.
     where the difference between price and average total cost is the largest.
     None of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the output level where marginal revenue equals marginal cost.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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