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A monopolist is able to maximize his profits when

This question belongs to Commerce Economics
Economics
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A monopolist is able to maximize his profits when

Answer & Solution
Correct Answer: Option D
A monopolist is able to maximize his profits when his marginal cost is equal to marginal revenue. The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC.
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