If a monopoly is attemping to maximize profits, will they maximize their revenues or profit per unit?
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If a monopoly is attemping to maximize profits, will they maximize their revenues or profit per unit?
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.
But if you had to choose between these 2, which one would suit the bestQuote:
Originally Posted by Vivi1987
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