-For the monopolist in Figure 10-2 producing at point D,which of the following statements is true?
A)profit will be greater than producing at point C
B)profit will be the same as producing at point C
C)profit will be less than producing at C
D)profit will be maximized
E)cannot compare profit level at C and D

Question

-For the monopolist in Figure 10-2 producing at point D,which of the following statements is true?
A)profit will be greater than producing at point C 
B)profit will be the same as producing at point C 
C)profit will be less than producing at C 
D)profit will be maximized 
E)cannot compare profit level at C and D

Quizplus · Accepted Answer

Producing at point D typically means producing at a higher output level than at point C, which may lead to lower marginal revenue and higher marginal cost, thus reducing profit compared to point C.

-For the Monopolist in Figure 10-2 Producing at Point D,which