Figure 15-17

-Refer to Figure 15-17.The consumer surplus at the monopolist's profit-maximizing price is
A) $450.
B) $900.
C) $1,350.
D) $2,025.

Name: Figure 15-17 -Refer to Figure 15-17.The consumer surplus at the monopolist's profit-maximizing price is A) $450. B) $900. C) $1,350. D) $2,025.
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Question

Figure 15-17
 
-Refer to Figure 15-17.The consumer surplus at the monopolist's profit-maximizing price is
A) $450. 
B) $900. 
C) $1,350. 
D) $2,025.

Quizplus · Accepted Answer

The consumer surplus at the monopolist's profit-maximizing price is $450, as it is the area above the price level and below the demand curve up to the quantity sold by the monopolist.

Figure 15-17 -Refer to Figure 15-17.The Consumer Surplus at the Monopolist's Profit-Maximizing