The following figure shows revenue and cost curves of a monopolist. Figure 10.8
AR: Average revenue curve
MR: Marginal revenue curve
MC: Marginal cost curve
-According to Figure 10.8,the profit maximizing price of the monopolist is:
A) 0.
B) P4.
C) P3.
D) P2.
E) P1.
Correct Answer:
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