Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a profit-maximizing pure monopoly occurs where ____.A. marginal cost equals average revenueB. marginal revenue equals average costC. average total cost equals average revenueD. marginal revenue equals marginal cost

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10-03-2020
Business

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Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a profit-maximizing pure monopoly occurs where ____.A. marginal cost equals average revenueB. marginal revenue equals average costC. average total cost equals average revenueD. marginal revenue equals marginal cost

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monica789412 monica789412 · Answer 1 · 2020-03-17T18:29:09+01:00

Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a profit-maximizing pure monopoly occurs where

D. marginal revenue equals marginal cost

Explanation:

Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a profit-maximizing pure monopoly occurs where

D. marginal revenue equals marginal cost
In business, the production is done at the level where marginal revenue is equals to marginal cost to maximize the output.
When the marginal revenue is greater than the marginal cost, it pays you more.
Each unit added which is sold will add more to revenue than to costs.
Marginal cost is the cost which occurs due to the increase in cost a company incurs by producing one extra unit of goods or services.