Respuesta :

In maximizing profits, a single-price monopolist will charge a price that is greater than marginal cost.

The profit-maximizing choice for the monopoly will be to supply at the quantity wherein marginal sales are identical to marginal price: this is, MR = MC. If the monopoly produces a lower quantity, then MR > MC at those degrees of output, and the firm could make better income through increasing output.

Income maximization for a monopoly charging a single price will arise in which marginal revenue is the same as marginal cost. it's miles crucial to note that this gives the earnings maximizing quantity however the fee is determined by means of going as much as the call for the curve.

The monopolist's income maximizing level of output is determined by equating its marginal sales with its marginal value, that's the same profit-maximizing circumstance that a superbly aggressive firm uses to decide its equilibrium stage of output.

Learn more about marginal cost here: https://brainly.com/question/11689872

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