Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / What economic criteria does a profit-maximizing monopolist use to decide how much to produce?
What economic criteria does a profit-maximizing monopolist use to decide how much to produce?
A profit maximizing monopolist produces the quantity at which its marginal revenue is equal to its marginal cost. It then charges the maximum consumers are willing to pay for that quantity.
