Refer to the graph shown. If this monopolist produces 700 units of output per day, it:
A) can increase profit by producing more.
B) can increase profit by producing less.
C) will be maximizing profit.
D) will incur economic losses.

Question

Refer to the graph shown. If this monopolist produces 700 units of output per day, it: 
A) can increase profit by producing more. 
B) can increase profit by producing less. 
C) will be maximizing profit. 
D) will incur economic losses.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If this monopolist produces 700 units of output per day, it: 
A) can increase profit by producing more. 
B) can increase profit by producing less. 
C) will be maximizing profit. 
D) will incur economic losses.

Refer to the Graph Shown