For the monopolist, average profit per unit equals
A) P- ATC
B) P - AVC.
C) P- MC.
D) P - MR.

Name: For the monopolist, average profit per unit equals A) P- ATC B) P - AVC. C) P- MC. D) P - MR.
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Question

Quizplus · Accepted Answer

Average profit per unit for a monopolist equals price (P) minus average total cost (ATC). This is because profit per unit is calculated by the difference between the price at which the product is sold and the average cost of producing that product.

For the Monopolist, Average Profit Per Unit Equals