The profit of a monopolist can be eliminated where price equals
The correct answer is B. MC
In a monopoly, the price is set above marginal cost and the firm earns a positive economic profit. When the price is equal to marginal cost, the monopoly profit is eliminated.
Previous question Next questionWhat is Exam without Practice? With our customizable CBT practice tests, you’ll be well-prepared and ready to excel in your examsStart Practicing Now
