-The figure above shows a monopoly's total revenue and total cost curves. The monopoly's economic profit is positive if it produces between
A) 0 and 5 units.
B) 0 and 15 units.
C) 0 and 20 units.
D) 5 and 20 units.

Question

-The figure above shows a monopoly's total revenue and total cost curves. The monopoly's economic profit is positive if it produces between
A) 0 and 5 units. 
B) 0 and 15 units. 
C) 0 and 20 units. 
D) 5 and 20 units.

Quizplus · Accepted Answer

A monopoly's economic profit is positive when total revenue exceeds total cost. This occurs between 5 and 20 units, where the total revenue curve is above the total cost curve.

-The Figure Above Shows a Monopoly's Total Revenue and Total