答案如下
A monopolist will expand production until: A) p = MC and the price of the product will be determined by the MC curve. B) p = MR and the price of the product will be determined by the ATC curve. C) MR = MC and the price of the product will be determined by the demand curve. D) MR = MC and the price of the product will be determined by the MR curve.
Your answer: C was correct! A monopolist will expand production until MR = MC and the price of the product will be determined by the demand curve. The demand curve lies above the intersection of the MR and MC curve and the higher price generates economic profit for the firm.
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