Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

At the profit-maximizing level of output, a monopolist will always operate where:

/ » Micro economics 2 solved MCQs / By
Question:

At the profit-maximizing level of output, a monopolist will always operate where:

A.

price is greater than marginal cost.

B.

price is greater than average revenue.

C.

average total cost equals marginal cost.

D.

total revenue is greater than total cost.

Answer» a. price is greater than marginal cost.

Note: The above multiple-choice question is for all general and Competitive Exams in India.