Question: A monopolist’s Principle is—
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a.When price > Marginal cost(MC)
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b.Equalize Average revenue(AR) to Marginal revenue(MR)
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c.Minimize Average revenue(AR)
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d.Is a price taker
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e.None of the above
Answer: b
 When price > Marginal cost(MC) b) Equalize Average revenue(AR) to Marginal revenue(MR) c) Minimize Average revenue(AR) d) Is a price taker e) None of the above Ans. b) Equalize Average revenue(AR) to Marginal revenue(MR)
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