Answer
D.
Restricts output to increase its price and total economic
profit.
Work Step by Step
A monopolist as a sole provider of a good can restrict output by producing at MR=MC to maximize profits instead of producing where MWTP=MC.
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 10 - Pure Monopoly - Quick Quiz for Figure 10.4 - Page 201: 3
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