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Exhibit 23-1 -Refer to Exhibit 23-1. If the Product Is Produced Under

Question 92

Multiple Choice

Exhibit 23-1
Exhibit 23-1 -Refer to Exhibit 23-1. If the product is produced under single-price monopoly, what do profits equal at the profit maximizing level of output? A) area 0P<sub>1</sub>BQ<sub>1</sub> B) area BCA C) area P<sub>1</sub>P<sub>2</sub>CB D) area P<sub>2</sub>CAP<sub>1</sub> E) none of the above
-Refer to Exhibit 23-1. If the product is produced under single-price monopoly, what do profits equal at the profit maximizing level of output?


A) area 0P1BQ1
B) area BCA
C) area P1P2CB
D) area P2CAP1
E) none of the above

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