How to find profit maximizing quantity on a monopoly graph and what to do with it
Channel: Econ Examples Travis Klein
Date: 2021-08-24

How to find profit-maximizing quantity (MC=MR) on a monopoly graph and what to do with it

Problem details without graph:
Use the following diagram representing a monopoly to answer the following questions

a.)  What is the profit maximizing quantity of production?
b.)  What is the profit maximizing price to charge?
c.)  What do profits equal?
d.)  What could we expect price and quantity to be if this were a competitive industry?