(Figure: Monopoly Markup) Refer to the figure. The monopolist's markup is: Figure: Monopoly Markup

Name: (Figure: Monopoly Markup) Refer to the figure. The monopolist's markup is: Figure: Monopoly Markup
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Question

Quizplus · Accepted Answer

The monopolist's markup is equal to the difference between the price (point B) and the marginal cost (point D), which is represented by the distance between points B and D on the graph. Therefore, the answer is B - D.

(Figure: Monopoly Markup) Refer to the Figure