To Compute the Optimal Monopoly Price with a Linear Demand

Multiple Choice

To compute the optimal monopoly price with a linear demand curve, the monopolist:

A) should set MC = MR, which would determine the optimal quantity and price would equal MC and MR as well.
B) should set MC = MR, which would determine the optimal quantity and price would be found by inserting the optimal quantity into the monopolist's demand curve.
C) should set MC = MR, which would determine the optimal quantity and price would be found by doubling the marginal cost.
D) should set output where total revenue would be the greatest.