Figure 11-9
-In Figure 11-9, how much more than the long-run competitive price will the profit-maximizing monopolist charge?
A)$1
B)$2
C)$3
D)$11

Name: Figure 11-9 -In Figure 11-9, how much more than the long-run competitive price will the profit-maximizing monopolist charge? A)$1 B)$2 C)$3 D)$11
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Question

Figure 11-9 
-In Figure 11-9, how much more than the long-run competitive price will the profit-maximizing monopolist charge?
A)$1 
B)$2 
C)$3 
D)$11

Quizplus · Accepted Answer

The profit-maximizing monopolist charges a price that is $3 more than the long-run competitive price, as indicated by the difference between the monopoly price and the competitive price in the figure.

Figure 11-9 -In Figure 11-9, How Much More Than the Long-Run Competitive