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

Question 85

Multiple Choice

Exhibit 23-1
Exhibit 23-1 -Refer to Exhibit 23-1. If the product is produced under single-price monopoly, what does total revenue equal at the profit maximizing level of output? A) area 0P<sub>2</sub>CQ<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 does total revenue equal at the profit maximizing level of output?


A) area 0P2CQ1
B) area BCA
C) area P1P2CB
D) area P2CAP1
E) none of the above

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