mackenziepaige7011 mackenziepaige7011
  • 25-08-2020
  • Business
contestada

"a monopolist's demand curve, marginal revenue, and its costs. At the profit-maximizing output level, the monopolist's profit would be"

Respuesta :

Baraq
Baraq Baraq
  • 28-08-2020

Answer:

when the marginal cost equals the marginal revenue.

Explanation:

Given that a monopolistic market is a market in which there is only one producer or supplier of a particular product or service in a given area, and thus has a great influence on the piece and distribution.

Therefore, in this situation, at the profit-maximizing output level, the monopolist's profit would be when the marginal cost equals the marginal revenue.

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