Which of the following is ALWAYS true for a profit-maximizing single-price monopolist?

A) P = MC
B) P = MR
C) MR = MC
D) MC = ATC

C

Economics

You might also like to view...

Rising government expenditure, through its effect on the real interest rate, ________ v* and thus ________ net investment

A) raises, stimulates B) raises, depresses C) lowers, stimulates D) lowers, depresses

Economics

Slaver owners were optimistic about the economic future of slavery on the eve of the Civil War

Indicate whether the statement is true or false

Economics