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__________is the basic objective before a discriminating monopolist.
  • a)
    Profit maximization
  • b)
    Loss maximization
  • c)
    Loss minimization
  • d)
    Increasing the quantity to be sold
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
__________is the basic objective before a discriminating monopolist.a)...
The monopolist is the sole producer in the industry and faces no competition, thus the main aim is profit maximization. To achieve this the monopolist will always produce at the point where MC = MR. If MR ≥ MC it is profitable to increase production.  If MR ≤ MC it is profitable to decrease production.
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__________is the basic objective before a discriminating monopolist.a)Profit maximizationb)Loss maximizationc)Loss minimizationd)Increasing the quantity to be soldCorrect answer is option 'A'. Can you explain this answer?
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