Ask Experts Questions for FREE Help !
Ask
    Vivi1987's Avatar
    Vivi1987 Posts: 11, Reputation: 1
    New Member
    		  
    #1

    Mar 19, 2008, 03:21 AM
    Monopoly maximizing profits
    If a monopoly is attemping to maximize profits, will they maximize their revenues or profit per unit?
    Ema92's Avatar
    Ema92 Posts: 4, Reputation: 1
    New Member
    		  
    #2

    Mar 19, 2008, 04:54 AM
    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.
    Vivi1987's Avatar
    Vivi1987 Posts: 11, Reputation: 1
    New Member
    		  
    #3

    Mar 19, 2008, 05:01 AM
    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
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Maximizing Webpages [ 1 Answers ]

How can I automatically set webpage to open automatically to maximized?

Maximizing Profit [ 4 Answers ]

The problem goes like this: The total profit (in dollars) for sales of x rowing machines is given by P(x) = -0.2x^2+300x-200. What is the profit if 500 are sold? For what value of x will the profit be at a maximum?

Monopoly [ 5 Answers ]

Hello experts: You played Monopoly when you were a kid. You knew the rules too. Of course you did. And, Monopoly is just a game. Why do you think that adults, who are playing REAL LIFE Monopoly as landlords, don't bother to learn the rules? excon

View more questions Search