Question

Q.19. A monopoly firm will maximize tkal profit at the leve mbes
(a) Difference between total revenue and total cost is maximum
(b) Marginal revenue is the maximum
(c) Marginal revenue is the minimum
(d) MC is equal to MR​

Answer 1

Q. Difference between total revenue and total cost is maximum

Ans. Total profit is represented by the vertical difference between the total revenue and total cost curves. The monopolist determines the output level at which total profit is maximized or the difference between total revenue and total cost is greatest. ... At q0, your total revenue equals TR0 and your total cost equals TC0.

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Answer 2

Answer:

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