Under which of the following conditions would a profit-maximizing monopolist necessarily raise price?

A) if product demand was price-elastic
B) if marginal revenue is positive
C) if marginal revenue was greater than marginal cost
D) if marginal cost was greater than marginal revenue

Profit-Maximizing Monopolist

A monopolist's strategy of setting a price and production level where marginal cost equals marginal revenue to achieve the highest possible profit.

Price-Elastic

A characteristic of goods or services for which demand significantly changes with small changes in price.

Marginal Revenue

The revenue increase from the sale of an additional unit of a good or service.