Refer to the graph shown. If the monopoly firm maximizes profit, consumers will pay:
A) $2.00 per unit and consumer surplus will be 45.
B) $2.50 per unit and consumer surplus will be 18.75.
C) $3.50 per unit and consumer surplus will be 11.25.
D) $3.50 per unit and consumer surplus will be 22.5.

Question

Refer to the graph shown. If the monopoly firm maximizes profit, consumers will pay: 
A) $2.00 per unit and consumer surplus will be 45. 
B) $2.50 per unit and consumer surplus will be 18.75. 
C) $3.50 per unit and consumer surplus will be 11.25. 
D) $3.50 per unit and consumer surplus will be 22.5.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If the monopoly firm maximizes profit, consumers will pay: 
A) $2.00 per unit and consumer surplus will be 45. 
B) $2.50 per unit and consumer surplus will be 18.75. 
C) $3.50 per unit and consumer surplus will be 11.25. 
D) $3.50 per unit and consumer surplus will be 22.5.

Refer to the Graph Shown