Sir how for a rational monopolist production till M is rational. As being rational he would try to maximize his profit right?
Sri kanaga Varshini
CA Final
★ 3K+
28-Oct-20 11:25
326
Answers (2)
Yes you are right maximum profit is at the point when MC = MR. in short term e is the correct answer. Is this from ICAI material or MTPs? answer does not look correct