Why will a profit-maximizing, single-price monopolist NOTproduce the amount of output that maximizes its total revenue?
举一反三
- For a profit maximizing monopolist, price:
- Predatory pricing assumes that a monopolist maximizes profit until entry occurs， and that after entry， the monopolist expands output aggressively and cuts price。（ ）
- A profit-maximizing monopolist will produce the level of output at which A: average revenue is equal to average total cost. B: average revenue is equal to marginal cost. C: marginal revenue is equal to marginal cost. D: total revenue is equal to opportunity cost.
- A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.
- Which of the following statements about a monopolist is least accurate A: A profit-maximizing monopolist will expand output until marginal revenue equals marginal cost. B: A profit-maximizing monopolist will supply less of his product than the amount consistent with the conditions of ideal static efficiency for an economy. C: A monopolist will always be able to earn economic profit.