Which type of profit maximizing firm will choose to produce where marginal revenue equals marginal cost?

To maximize profit, the monopolist produces on the ________ portion of the demand curve where ________. A: elastic; price equals marginal cost B: elastic; marginal revenue equals marginal cost C: inelastic; price equals marginal revenue D: inelastic; marginal revenue equals marginal cost

A firm maximizes profit by operating at the level of output where A: average revenue equals average cost. B: average revenue equals average variable cost. C: total costs are minimized. D: marginal revenue equals marginal cost. E: marginal revenue exceeds marginal cost by the greatest amount.

In short run the shutdown point is that point at which A: price equals marginal cost. B: average fixed cost equals marginal cost. C: average variable cost equals marginal cost. D: average total cost equals marginal cost.

The<br/>Coase theorem states that ____. A: the<br/>level of pollution should be equal to zero to maximize social net<br/>benefit B: if<br/>property rights exist and transactions costs are low, private<br/>transactions are efficient C: the<br/>efficient level of output is where marginal external cost equals<br/>marginal external benefit D: the<br/>best way to limit pollution is by taxing producers who pollute