问题 单项选择题

Which of the following is least accurate regarding the relationship between price (P) , marginal revenue (MR) , average total cost (ATC), and marginal cost (MC) at the profit maximizing output under monopoly()

A. P=MR

B. MR=MC.

C. P>MC.

答案

参考答案:A

解析:

To maximize profit, all firms expand output until marginal revenue equals marginal cost. Price is determined from the demand curve, which is above the marginal revenue curve since a monopoly faces a downward sloping demand curve.

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