February/March 2026 Paper 32

2026 · 30 questions · 30 parts · 30 marks

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3Business ObjectivesMedium1 mark
The diagram shows the cost and revenue curves for a monopoly firm.
diagram of a monopoly firm's cost and revenue curves: a downward-sloping average revenue (AR) line and a steeper marginal revenue (MR) line falling from the same point on the price axis, and U-shaped marginal cost (MC) and average cost (AC) curves that dip to a minimum and cross before rising through the AR and MR lines; four price levels A (highest) to D (lowest) are marked with dashed lines at the output levels where these curves intersect
At which price will the firm sell if it follows a policy of revenue maximisation?