- In Table 24.1,using the profit maximization rule,a monopolist will produce
A)1 unit.
B)3 units.
C)4 units.

Name: - In Table 24.1,using the profit maximization rule,a monopolist will produce A)1 unit. B)3 units. C)4 units.
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Question

- In Table 24.1,using the profit maximization rule,a monopolist will produce
A)1 unit. 
B)3 units. 
C)4 units.

Quizplus · Accepted Answer

The profit-maximizing output for a monopolist is where marginal revenue equals marginal cost. In Table 24.1, marginal revenue is equal to marginal cost at an output of 3 units.

- in Table 24