A monopolist is able to maximize his profits when :
A. His output is maximum.
B. He charges a high price.
C. His average cost is minimum.
D. His marginal cost is equal to marginal revenue.
Answer:D
A monopolist is able to maximize his profits when :
A. His output is maximum. B. He charges a high price. C. His average cost is minimum. D. His marginal cost is equal to marginal revenue.