Exhibit 23-8

-Refer to Exhibit 23-8. The maximum profits earned by this single-price monopolist will be
A)$180.
B)$130.
C)$140.
D)$170.

Name: Exhibit 23-8 -Refer to Exhibit 23-8. The maximum profits earned by this single-price monopolist will be A)$180. B)$130. C)$140. D)$170.
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Question

Exhibit 23-8
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-Refer to Exhibit 23-8. The maximum profits earned by this single-price monopolist will be
A)$180. 
B)$130. 
C)$140. 
D)$170.

Quizplus · Accepted Answer

The maximum profits for a single-price monopolist are calculated by finding the difference between total revenue and total cost at the profit-maximizing output level. In this case, the correct choice is $180.

Exhibit 23-8 ​

Exhibit 23-8