A monopolist will be able to maximize his profits when ________

Q. A monopolist will be able to maximize his profits when _________?
Answer: His marginal cost is equal to the marginal revenue
Notes: A monopolist is able to maximize his profits when his marginal cost is equal to marginal revenue. The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC.