In order to maximize profits, a monopoly company will produce that qua – McqOptions

MCQOPTIONS

1.	In order to maximize profits, a monopoly company will produce that quantity at which the:
A.	Marginal revenue equals average total cost
B.	Price equals marginal revenue
C.	Marginal revenue equals marginal cost
D.	Total revenue equals total cost
Answer» B. Price equals marginal revenue

Discussion

No Comment Found

Related MCQs

Social scientists explain the incest taboo as_______________?
The demand for labor is the same as the
The main reason why cheques can be regarded as money is that:
Sex stereotypes are traditionally found in________________?
The asset that is capable of generating income and that have itself been produced is termed
Term the group of countries that have removed all restrictions on trade among themselves?
Social institutions________________?
The economic system with little or no external trade is called:
The ability-to-pay principle of taxation suggests that if a tax system is to be vertically equitable it should be ?
Suppose that Boeing is to receive payment in euros in 6 month and wants to engage in hedging the firm would _______ euros on the 6-month forward market in order to protect itself from a/an of the euro?