Use the Following to Answer Question(s): Computing Monopoly Profit

Multiple Choice

Use the following to answer question(s) : Computing Monopoly Profit

-(Exhibit: Computing Monopoly Profit) Producing at point N would:

A) result in MR = MC.
B) result in positive economic profits.
C) never be profit maximizing, since at this output MR < 0 and MC > 0.
D) result in the firm breaking even.