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Subject - Economics:

Microeconomics

MCQ - 59-4069

Question:

1 Dup 5 -87990280
If this firm were a profit-maximizing monopolist, the price and output would be which of the following?

  1. 0a and Q 1
  2. 0c and Q 1
  3. 0e and Q 1
  4. 0c and Q 1
  5. 0f and Q 1

Correct Answer: E

Explanation:

Find the output where MR = MC and the price is found vertically at the demand curve.

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: If this firm were a profit-maximizing monopolist, the price and output would be which of the following? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 59-4069.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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