Exhibit 3 Demand and cost curves for GeneTech, a monopolist with a patented vaccine

In Exhibit 9-3, what is the maximum hourly profit that GeneTech can earn from its vaccine?
A) $1,500.
B) $3,000.
C) $4,500.
D) $10,500.

Question

Exhibit 3  Demand and cost curves for GeneTech, a monopolist  with a patented vaccine

In Exhibit 9-3, what is the maximum hourly profit that GeneTech can earn from its vaccine?
A) $1,500. 
B) $3,000. 
C) $4,500. 
D) $10,500.

Quizplus · Accepted Answer

The Answer of Exhibit 3  Demand and cost curves for GeneTech, a monopolist  with a patented vaccine

In Exhibit 9-3, what is the maximum hourly profit that GeneTech can earn from its vaccine?
A) $1,500. 
B) $3,000. 
C) $4,500. 
D) $10,500.

Exhibit 3 Demand and Cost Curves for GeneTech, a Monopolist