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

Economics

WAEC 1995

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

A. Equate average cost to average revenue
B. Equate marginal cost to marginal revenue
C. Equate marginal cost to average revenue
D. fix price and output
E. Equate price to total cost

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Correct Answer: Option B

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

Correct Answer: Option B

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