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Use Figure: Monopoly Profit-Maximization and Deadweight Loss

Question 51

Multiple Choice

Use Figure: Monopoly Profit-Maximization and Deadweight Loss. The figure shows the demand curve, marginal revenue curve, marginal cost curve, and average total cost curve that are facing a monopolist. Suppose that the firm is operating at its profit-maximizing point. Given this, the total revenue from selling the profit-maximizing level of output is:

Figure: Monopoly Profit-Maximization and Deadweight Loss
Use Figure: Monopoly Profit-Maximization and Deadweight Loss. The figure shows the demand curve, marginal revenue curve, marginal cost curve, and average total cost curve that are facing a monopolist. Suppose that the firm is operating at its profit-maximizing point. Given this, the total revenue from selling the profit-maximizing level of output is: ​ Figure: Monopoly Profit-Maximization and Deadweight Loss   A)  $960. B)  $900. C)  $600. D)  $420.


A) $960.
B) $900.
C) $600.
D) $420.

Correct Answer:

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