A Monopoly Maximizes Profit by

Multiple Choice

A monopoly maximizes profit by

A) producing at the level of output associated with unitary price elasticity of demand.
B) producing at the level of output associated with maximum total revenue.
C) producing at the level at which MR = MC.
D) producing as much as people will buy at level at which P = AC.
E) charging the highest price that anyone will pay for the good.