![Mcqmate logo](https://mcqmate.com/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/images/logos/logo-white.png)
McqMate
Q. |
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. |
View all MCQs in
Micro economics 2No comments yet