Question

Which of the following statements about single-price monopolists is correct?

a)AR is greater than MR.

b)The average revenue curve lies above the demand curve.

c)The profit-maximizing level of output is the same as the total revenue maximizing level of output.

d)Price equals marginal cost at the profit-maximizing level of output.

e)Price elasticity of demand will be equal to one if the firm is profit-maximizing.

need explanation plz​

Answer 1

Answer:

d) Price equals marginal cost at the profit maximising level of output