If a monopolist is known to be maximising profit, what can correctly be inferred?

1. A Option A: It has maximised the difference between marginal revenue and marginal cost
2. B Option B: It has maximised its total revenue
3. C Option C: It has equated marginal revenue and marginal cost
4. D Option D: It has set price equal to its average cost

Answer checked 11 October 2026 · How we write and check questions