A monopolist's profit maximizing price is $15.At MC=MR,the output is 100 units and the MC is $10.At this level of production,average total costs are $12.Monopolist's profits are
A)$300
B)$1500
C)$500
D)None of the above

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The Answer of A monopolist's profit maximizing price is $15.At MC=MR,the output is 100 units and the MC is $10.At this level of production,average total costs are $12.Monopolist's profits are
A)$300
B)$1500
C)$500
D)None of the above

A Monopolist's Profit Maximizing Price Is $15