Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Economics (https://www.askmehelpdesk.com/forumdisplay.php?f=101)
-   -   Monopoly maximizing profits (https://www.askmehelpdesk.com/showthread.php?t=196228)

  • Mar 19, 2008, 03:21 AM
    Vivi1987
    Monopoly maximizing profits
    If a monopoly is attemping to maximize profits, will they maximize their revenues or profit per unit?
  • Mar 19, 2008, 04:54 AM
    Ema92
    Well it depends on the tactic they take..
    A low price strategy could increase sales and make smaller competiton unable to compete etc. this would maximize revenues.
    Though a high price strategy could also increase sales due to snob value this would maximize profir per unit.
  • Mar 19, 2008, 05:01 AM
    Vivi1987
    Quote:

    Originally Posted by Vivi1987
    If a monopoly is attemping to maximize profits, will they maximize their revenues or profit per unit?

    But if you had to choose between these 2, which one would suit the best

  • All times are GMT -7. The time now is 11:50 PM.