If a monopolist is attempting to maximize profit , which of the following should he
ECONOMICS
WAEC 1995
If a monopolist is attempting to maximize profit , which of the following should he attempt to do?
- A. Equate average cost to average revenue
- B. Equate marginal cost to marginal revenue
- C. Equate marginal cost to average revenue
- D. fix price and output
Correct Answer: B. Equate marginal cost to marginal revenue
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