Answer to Question #49429 in Microeconomics for JOhn

Question #49429
If a monopolist is producing a level of output that maximizes total profit, then it will necessarily be:
minimizing total cost
maximizing profit per unit of output
maximizing total revenue
maximizing the difference between total revenue and total cost
1
Expert's answer
2014-11-28T14:47:06-0500
maximizing the difference between total revenue and total cost

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