Exhibit 9-3
-The total revenue for the firm in Exhibit 9-3, a monopolist that maximizes profit while charging all customers the same price, is

Question

Exhibit 9-3 
-The total revenue for the firm in Exhibit 9-3, a monopolist that maximizes profit while charging all customers the same price, is

Quizplus · Accepted Answer

To find the total revenue for the firm, we need to multiply the quantity sold at the monopolist's profit-maximizing price by the price itself. From the graph, we can see that the profit-maximizing quantity is 52 units, and the price at that quantity is $54. Therefore, the total revenue is:

Total revenue = Quantity sold × Price
Total revenue = 52 units × $54
Total revenue = $2,808

Therefore, the correct answer is B) $2,808.

Exhibit 9-3 -The Total Revenue for the Firm in Exhibit 9-3, a Exhibit