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07-01-2020
Business

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Which of the following statements regarding a monopolist is false? A. The marginal revenue cure lies below the demand curve for the monopolists output. B. Unlike a perfectly competitive firm a monopolist faces little or no competition. C. The monoplist sets price equal to marginal cost to maximize profit. D. The monopolist may or this not earn positive economic profit.

Respuesta :

Karabo99 Karabo99

07-01-2020

Answer:

C. The monoplist sets price equal to marginal cost to maximize profit.

Explanation:

To maximise the profit, monopolist charge price where MR = MC.

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