-What is the total profit (or loss)for the (single-price)monopolist shown in Figure 10-9?
A)profit of cbgf
B)loss of fcbg
C)profit of egbd
D)loss of edcf
E)profit of edcf

Name: -What is the total profit (or loss)for the (single-price)monopolist shown in Figure 10-9? A)profit of cbgf B)loss of fcbg C)profit of egbd D)loss of edcf E)profit of edcf
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Question

-What is the total profit (or loss)for the (single-price)monopolist shown in Figure 10-9?
A)profit of cbgf 
B)loss of fcbg 
C)profit of egbd 
D)loss of edcf 
E)profit of edcf

Quizplus · Accepted Answer

The monopolist's profit is the area above the marginal cost curve and below the demand curve. This area is represented by the rectangle edcf.

-What Is the Total Profit (Or Loss)for the (Single-Price)monopolist Shown