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What will be a profit maximizing condition for a monopoly firm??
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What will be a profit maximizing condition for a monopoly firm??
A firm with monopoly power sets a monopoly price that maximizes the Monopoly profit. The most profitable price for the monopoly occurs when output level ensures the marginal cost (MC) equals the marginal revenue (MR)) associated with the demand curve.
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What will be a profit maximizing condition for a monopoly firm??
but I thik that won't be a profit maximizing condition, because MC=MR, this will be the condition of producers equilibrium.
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What will be a profit maximizing condition for a monopoly firm??
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