When a monopolist identifies its profit-maximizing quantity of output, how does it decide what price to charge?
A. It charges a price equal to the marginal cost at the profit-maximizing output level.
B. It charges a price slightly greater than the marginal cost at the profit-maximizing output level.
C. Cannot be determined from information given
D. It charges a price less than the marginal cost at the profit-maximizing output level.
d. It charges a price less than the marginal cost at the profit-maximizing output level.
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In understanding the differences of the impact of globalization on inflation in various nations it is important to consider
A) the degree of development in a nation. B) the structure of income taxes in the country. C) the degree of central bank independence. D) all of the above.
A Japanese television sells for ¥100,000 and a dollar is equal to ¥100. What is the dollar price of the television?
A) $1000 B) $99,900 C) $10,000,000 D) $100,100