Multiple Choice
Exhibit 9-21
In Exhibit 9-21, D = AR represents the market demand curve for bicycles, MRm represents the marginal revenue curve for a monopolist producer of bicycles and Sc = MC = AC represents the marginal cost curve for a monopolist producer of bicycles and the market supply curve when the market is perfectly competitive.The consumer surplus in a monopolist market would be
A) $10
B) $20
C) $30
D) $40
E) $50
Correct Answer:
Verified
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