-The single-price monopoly in Figure 10-14 will have an economic profit of
A)$612.50
B)$506.25
C)$250.00
D)$875.00
E)none of these

Name: -The single-price monopoly in Figure 10-14 will have an economic profit of A)$612.50 B)$506.25 C)$250.00 D)$875.00 E)none of these
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Question

-The single-price monopoly in Figure 10-14 will have an economic profit of
A)$612.50 
B)$506.25 
C)$250.00 
D)$875.00 
E)none of these

Quizplus · Accepted Answer

The single-price monopoly in Figure 10-14 will have an economic profit of $612.50. This is because the monopoly is able to charge a price above its marginal cost, which is the profit-maximizing price.

-The Single-Price Monopoly in Figure 10-14 Will Have an Economic