Suppose we know that a monopolist is maximizing its profits. Which of the following is a correct inference? the monopolist has?

maximized the difference between marginal revenue and marginal cost.

set price equal to its average cost

equated marginal revenue and marginal cost

Suppose we know that a monopolist is maximizing its profits. Which of

1.	Suppose we know that a monopolist is maximizing its profits. Which of the following is a correct inference? the monopolist has?
A.	maximized its total revenue
B.	set price equal to its average cost
C.	equated marginal revenue and marginal cost
D.	maximized the difference between marginal revenue and marginal cost.
Answer» D. maximized the difference between marginal revenue and marginal cost.