If a monopoly wants to maximize it profit, it should
A. produce in the range where its average costs are declining.
B. produce in the range where its demand curve is elastic.
C. produce in the range where its marginal costs are declining.
D. produce in the range where its marginal costs are less than its average costs.
Answer:A
If a monopoly wants to maximize it profit, it should
A. produce in the range where its average costs are declining. B. produce in the range where its demand curve is elastic. C. produce in the range where its marginal costs are declining. D. produce in the range where its marginal costs are less than its average costs.