Profit-Maximising Output of a Monopolist Firm | Markets
In this article we will discuss about the profit-maximising output of a monopolist firm. The goal of a monopolistic firm is to maximise profit. Therefore, the firm would be in equilibrium when it maximises its profit. The profit (π)-function of the monopolist is π = R(q)-C(q) = π(q) (11.12) where π = profit, R = the firm's total revenue (TR), [...]