A: A monopolist will maximize the average profit per unit sold.
B: If a firm has a monopoly, it will always be able to earn economic profits.
C: A monopolist, like any other profit-maximizing firm, will sell at the output level where marginal revenue equals marginal cost.
举一反三
- Which of the following statements about a monopolist is least accurate（） A: The monopolist faces a downward sloping demand curve. B: Unlike an oligopolist, a monopolist will always be able to earn economic profit. C: A profit-maximizing monopolist will expand output until marginal revenue equals marginal cost.
- Which of the following statements about a monopolist is least accurate A: A profit-maximizing monopolist will expand output until marginal revenue equals marginal cost. B: A profit-maximizing monopolist will supply less of his product than the amount consistent with the conditions of ideal static efficiency for an economy. C: A monopolist will always be able to earn economic profit.
- A firm maximizes profit by operating at the level of output where A: average revenue equals average cost. B: average revenue equals average variable cost. C: total costs are minimized. D: marginal revenue equals marginal cost. E: marginal revenue exceeds marginal cost by the greatest amount.
- Which type of profit maximizing firm will choose to produce where marginal revenue equals marginal cost?
- To maximize profit, the monopolist produces on the ________ portion of the demand curve where ________. A: elastic; price equals marginal cost B: elastic; marginal revenue equals marginal cost C: inelastic; price equals marginal revenue D: inelastic; marginal revenue equals marginal cost
内容
- 0
A profit-maximizing monopolist will produce the level of output at which A: average revenue is equal to average total cost. B: average revenue is equal to marginal cost. C: marginal revenue is equal to marginal cost. D: total revenue is equal to opportunity cost.
- 1
A monopolist maximizes profits by A: producing an output level where marginal revenue equals marginal cost. B: charging a price that is greater than marginal revenue. C: earning a profit of (P - MC) x Q. D: Both a and b are correct.
- 2
Monopolists will maximize profit by producing at an output level where which of the following conditions exists（） A: Price = marginal revenue = marginal cost. B: Price = demand = marginal revenue = marginal cost. C: Marginal revenue = marginal cost ＜ price.
- 3
Which of the following statements about monopolies is most accurate（） A: A monopolist’s optimal production quantity is at the point where marginal revenue equals marginal cost. B: Monopolists charge the highest possible price. C: Monopolists always make a profit.
- 4
A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.