If a monopolist is attempting to maximize profit , which of the following should he…

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Economics WAEC 1995

If a monopolist is attempting to maximize profit , which of the following should he attempt to do?

  • Equate average cost to average revenue
  • Equate marginal cost to marginal revenue checkmark
  • Equate marginal cost to average revenue
  • fix price and output
  • Equate price to total cost

The correct answer is: B

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