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The First-Order Condition for a Monopoly Maximizing Its Profit Is

Question 102

Multiple Choice

The first-order condition for a monopoly maximizing its profit is:

A) P − (dC(Q) /dQ) = 0.
B) (dR(Q) /dQ) − (dC(Q) /dQ) = 0.
C) (dR(Q) /dQ) − (dC(Q) /dQ) < 0.
D) (d²R(Q) /dQ²) − (d²C(Q) /dQ²) < 0.

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