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Other Fields Homework Help Economics Topic started by: stars_and_moon on Jul 19, 2016



Title: If a monopoly is maximizing profit, then for the last unit produced
Post by: stars_and_moon on Jul 19, 2016
If a monopoly is maximizing profit, then for the last unit produced
A) marginal benefit to society is less than marginal cost to society.
B) marginal benefit to society is greater than marginal cost to society.
C) marginal benefit to society is equal to marginal cost to society.
D) total benefit to society is equal to total cost to society.


Title: Re: If a monopoly is maximizing profit, then for the last unit produced
Post by: kingby on Aug 13, 2016
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Title: Re: If a monopoly is maximizing profit, then for the last unit produced
Post by: stars_and_moon on Aug 17, 2016
I figured, great answer


Title: Re: If a monopoly is maximizing profit, then for the last unit produced
Post by: kingby on Aug 18, 2016
I instantly knew the answer when I read the question, happy to help