The main objective of the monopoly firm is profit maximisation. State – InterviewSolution

1.	The main objective of the monopoly firm is profit maximisation. State the profit maximisation condition of a monopolist firm.
Answer» A monopolist maximises profit at that level of output for which the MC = MR and MC is rising. In other words, monopolist maximises profit at that level of output for which the vertical difference between TR and TC is maximum and TR is above the TC. In this level, the rm produces half of the market demand.

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