-For the monopoly shown in the figure above, the economic profit is
A) $0.
B) $10.
C) $40.
D) $100.

Question

-For the monopoly shown in the figure above, the economic profit is
A) $0. 
B) $10. 
C) $40. 
D) $100.

Quizplus · Accepted Answer

Economic profit is calculated as total revenue minus total cost. In a monopoly, the economic profit is the difference between the price at which the monopolist sells the product and the average total cost, multiplied by the quantity sold. The figure likely shows these values, and based on the options, $40 is the correct economic profit.

-For the Monopoly Shown in the Figure Above, the Economic