-In the above figure, the profit-maximising output for this single-price monopoly is ________ units and the price is ________.
A) 500; $50
B) 300; $30
C) 200; $30
D) 300; $20
E) 200; $10

Question

-In the above figure, the profit-maximising output for this single-price monopoly is ________ units and the price is ________.
A) 500; $50 
B) 300; $30 
C) 200; $30 
D) 300; $20 
E) 200; $10

Quizplus · Accepted Answer

The profit-maximizing output for a monopoly is determined where marginal cost (MC) equals marginal revenue (MR). From the given options, without a figure, the correct answer typically aligns with the point where MC=MR, and then the price is determined by the demand curve at that quantity. Option C suggests an output of 200 units and a price of $30, which could logically follow the MC=MR rule and then using the demand curve to find the price. However, without the specific figure, this explanation assumes a standard understanding of monopoly pricing strategies.

-In the Above Figure, the Profit-Maximising Output for This Single-Price