Question

1.) The profit-maximizing output level for a monopolist is where the: A. price is maximized. B....

1.) The profit-maximizing output level for a monopolist is where the:

A. price is maximized.

B. output sold is maximized.

C. ATC curve is minimized.

D. maximum efficiency is achieved.

E. MR = MC.

2.) An example of price discrimination is the price charged for:

A. troll dolls.

B. part tickts.

C. clothes.

D. diamonds.

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Answer #1

Ans) the correct option is E. MR = MC.

At Profit maximization MR = MC in monopoly

Ans) the correct option is B. part tickets

Price discrimination is a practice of charging different prices from consumers for the same product.

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