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  • 24-05-2018
  • Social Studies
contestada

Indicate the point where a monopoly will set its output.

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LoliArual
LoliArual LoliArual
  • 24-05-2018
The point where a monopoly will set its output is where marginal cost is equal to marginal revenue.
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looringhighjump
looringhighjump looringhighjump
  • 06-02-2019

The point where a monopoly will set its output is where the marginal cost is equal to marginal revenue.

A monopoly´s goal is to maximize profit. Having no competition, the price level and the quantity demanded can be set. The output that maximizes a monopoly's profit is calculated by equating its marginal cost to its marginal revenue.

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