A Monopolist Maximizes Profit by Producing

Multiple Choice

A monopolist maximizes profit by producing:

A) on the inelastic portion of the demand curve
B) at the level where average cost is minimized
C) at the point where the cost of producing the last unit of output equals price.
D) at the output level where marginal revenue equals marginal cost
E) at the level where the deadweight loss is minimized.