Question

multiple choice question
if producing is preferable to shutting down, a profit - seeking monopolist will produce up to the output at which
o mr = mc
o mr > mc
o p = mc
o p = atc

Explanation:

In economics, a profit - seeking monopolist maximizes profit by producing at the output level where marginal revenue (MR) equals marginal cost (MC). If MR > MC, the firm can increase profit by producing more. If P = MC, it is the condition for perfect competition, not monopoly. P = ATC means zero economic profit but is not the profit - maximizing condition for monopoly.

Answer:

A. MR = MC