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Graph 15-3 This Graph Reflects the Cost and Revenue Structure

Question 114

Multiple Choice

Graph 15-3
Graph 15-3 This graph reflects the cost and revenue structure for a monopoly firm. Use the graph to answer the following question(s) . -Refer to Graph 15-3. A profit-maximising monopoly would have a total revenue equal to: A) (P<sub>3</sub> - P<sub>0</sub>) *Q<sub>2</sub> B) (P<sub>3</sub> - P<sub>0</sub>) *Q<sub>4</sub> C) P<sub>3</sub> *Q<sub>2</sub> D) P<sub>2</sub> *Q<sub>4</sub> This graph reflects the cost and revenue structure for a monopoly firm. Use the graph to answer the following question(s) .
-Refer to Graph 15-3. A profit-maximising monopoly would have a total revenue equal to:


A) (P3 - P0) *Q2
B) (P3 - P0) *Q4
C) P3 *Q2
D) P2 *Q4

Correct Answer:

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